Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subje...
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Press Releases • October 01, 2013
Platinum Equity Completes Acquisition of CBS Outdoor's European Business
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets. CBSO International CEO Antonio Alonso said he looks forward to the next step in the company’s evolution. “The CBS Outdoor International team has worked incredibly h...
Read morePress Releases • September 26, 2013
Platinum Equity Acquires HomeDirect, Combines Business with MXD Group
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation Resource Partners, LP (TRP) and is combining the business with Platinum Equity portfolio company MXD Group. HomeDirect was established in 1995 as part of the Bekins Company and has been owned by TRP since 2005. MXD Group (formerly Exel Direct, Inc.), was acquired by Platinum Equity from Exel Inc., a subsidiary of Deutsche Post DHL, in May 2013 and the business was rebranded last month. “Bringing together the people, technology, customers and third-party relationships ...
Read morePress Releases • September 19, 2013
Platinum Equity Completes Acquisition Of Bridge Terminal Transport From Maersk Inc.
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially all the assets of Bridge Terminal Transport, Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport ("BTT") brand going forward. BTT, based in Charlotte, NC, is one of the largest drayage providers and a leader in international and domestic transportation solutions at major port locations and inland rail sites throughout the United Sta...
Read morePress Releases • September 05, 2013
Platinum Equity and The Gores Group Sell Alliance Entertainment to Super D
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Read morePress Releases • September 03, 2013
Platinum Equity Closes $3.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2013) – Platinum Equity today announced the closing of Platinum Equity Capital Partners III, a buyout fund focused on investing in businesses that can benefit from Platinum’s operational expertise. The fund closed on its target size of $3,750,000,000 in capital commitments. It is the successor to a $2,750,000,000 fund that closed in 2008 and a $700,000,000 fund that closed in 2004. Prior to the first fund, Platinum invested more than $525,000,000 in founders capital. “We are excited about the continued support for our firm’s growth and its future,” s...
Read morePress Releases • August 29, 2013
Platinum Equity Rebrands Exel Direct as MXD Group
Columbus, OH, (Aug. 29, 2013) – Platinum Equity today announced the rebranding of home delivery business Exel Direct as MXD Group. Platinum Equity acquired Exel Direct, Inc. from Exel Inc., a subsidiary of Deutsche Post DHL, in May 2013. Exel Direct specializes in high-touch “white glove” delivery services for North American retail brands across a variety of consumer segments. The business executes approximately 2.3 million deliveries annually utilizing an independent contractor workforce. “The transition to new ownership has been good for our business and is opening up many exci...
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