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 • November 01, 2012
Caterpillar Logistics Services Becomes Neovia
Chicago, IL -- November 1, 2012 – The business formerly known as Caterpillar Logistics Services today announced a new name and corporate brand identity, Neovia. Neovia provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries. Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Caterpillar Inc. in July. Caterpillar retained a 35 percent equity stake. “The new name, which translates to ‘a new path,’ and our brand mark expresses our forward-thinking culture as we set off on...
Read morePress Releases • October 02, 2012
BWAY Parent Company, Inc. to be Acquired by Platinum Equity
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. "We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roe...
Read morePress Releases • August 15, 2012
Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time. "Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their comm...
Read morePress Releases • August 01, 2012
Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million. Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a ...
Read morePress Releases • July 31, 2012
Image Sensors from Truesense Imaging Enable Mars Science Laboratory To Capture High Definition Images From Mars
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet. Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors...
Read moreJune 26, 2012
Schutt Sports' Helmets: Protecting the Yolk
With player safety a leading concern among football players at all levels of play, Pro Football Weekly devoted an in-depth three-part article to the football helmet industry: manufacturing challenges, the major industry players, and NOCSAE (National Operating Committee on Standards for Athletic Equipment) testing. Platinum Equity portfolio company Schutt Sports is one of the four companies profiled for its innovative approach to impact absorption and its TPU Cushioning. Concussion prevention is among the NFL's primary concerns, an issue being taken seriously by NFL Commissioner Roger Goodel...
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