Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel
Co-President Louis Samson: Firm’s ‘approach to value creation’ makes good fit with Solo
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January 31, 2007
Delphi Selects Platinum Equity as Lead Bidder in Sale of Steering and Halfshaft Business
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale and Purchase Agreement with Platinum Equity regarding the sale of Delphi’s global steering and halfshaft business. Delphi announced in March 2006 that, while it recognized the steering business as strategic, it intended to explore a sale of the global steering business as part of its comprehensive transformation plan. According to John Arle, Delphi vice president of treasury, mergers and acquisitions, “Delphi intends to finalize negotiations with Platinum Equity and, upon ...
Read moreJanuary 19, 2007
Platinum Equity Completes Acquisition of Healthcare Marketing Services Unit from Cardinal Health
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which was announced in November, were not disclosed. A transition is now underway to separate the business from Cardinal Health and establish it as a standalone company. The new company will be renamed, and details about the new name and brand image will be announced as the transition process unfolds. “HMS delivers vital services in a rapidly growing market, and has strong relati...
Read moreJanuary 10, 2007
Platinum Equity Appoints Maurice S. Nelson Jr. as Chief Executive Officer of PNA Group
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as Chief Executive Officer of its portfolio company PNA Group, a premier processor and distributor of steel products to fabricators, manufacturers and distributors. PNA Group was acquired by Platinum Equity in May 2006, and then expanded via the add-on acquisition of Metals Supply Company a short time later. The business generates annual revenue of more than $1.5 billion. Mr. Nelson, who will join the company on Feb. 1, is a seasoned steel industry executive who will help lead...
Read moreNovember 07, 2006
Platinum Equity Signs Definitive Agreement to Acquire Healthcare Services Unit from Cardinal Health
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which is expected to close prior to the end of 2006, were not disclosed. HMS provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries. The company, which generated close to $200 million in revenue in 2005, delivers promotional and strategic communications, certified education and event data management services, a...
Read moreAugust 11, 2006
Platinum Equity Completes Acquisition of Textron Fastening Systems
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller was Textron Inc. (NYSE: TXT), which divested the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. “We appreciate Textron’s belief in us as the right acquirer for this business, and we are confident that it will be a great platform for future growth,” said Tom Gores, chairman and chief ...
Read moreJune 01, 2006
Platinum Equity Signs Definitive Agreement to Acquire Textron Fastening Systems
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 Billion LOS ANGELES (June 1, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller is Textron Inc. (NYSE: TXT), which announced in late 2005 that it would sell the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. Plat...
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