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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February 22, 2011
Schutt Sports: Business Booming for Once-Troubled Company
Since being acquired by Platinum Equity, business at Schutt Sports is booming. Acquired by Platinum Equity out of a lengthy and troubling bankruptcy, the re-energized company is refocused on its core businesses of manufacturing and reconditioning sports safety equipment, including football helmets. Emerging from the uncertainty of bankruptcy, the Schutt Sports helmet reconditioning facility recently signed a multi-year lease and is creating new jobs in Palmer Township, Pennsylvania, as recently reported by WFMZ-TV. Schutt Sports reconditions over 300,000 helmets at its 72,000 square foot...
Read moreFebruary 11, 2011
Platinum Equity Company Schutt Sports Gets Boost
Schutt Sports, now part of the Platinum Equity portfolio, is reported by the St. Louis Post Dispatch to be poised to regain its footing after a lengthy bankruptcy triggered by a patent dispute. Acquired by Platinum in December 2010, Schutt Sports makes sports safety equipment such as helmets worn by a third of all NFL players (Green Bay quarterback Aaron Rodgers wore a Schutt helmet in the Super Bowl), bases for Major League Baseball, and a variety of youth sports equipment. With the bankruptcy and lawsuit behind it, Schutt Sports is now concentrating on its product lineup and growing ...
Read morePress Releases • February 03, 2011
Platinum Equity Company Ulticom Names Bruce Swail CEO
Mt Laurel, New Jersey – Ulticom, Inc. today announced the appointment of Bruce D. Swail as Chief Executive Officer (CEO), effective immediately. Ulticom is a premier provider of signaling software that enables telecommunications network equipment and service providers to deploy services within wireless, IP, and wireline networks. Ulticom was acquired by Platinum Equity in December 2010. Mr. Swail joins Ulticom from US Robitics, a leading provider of internet access and networking products, where he has served as CEO since 2007. US Robotics is also a Platinum Equity company. "Bruce i...
Read morePress Releases • January 13, 2011
Acument Keeps Operations in Metro Detroit, 50 Hires Planned This Year
DETROIT, MI (metromode)--The transformation of Acument over the past few years typifies what Detroit auto suppliers experienced: loss of work and shrinking operations. Today, however, Acument is a promising sign of things to come. Acument, a Platinum Equity portfolio company, recently struck a deal with the Michigan Economic Development Corp to expand its Sterling Heights, Holly, and Fenton plants. It expects to hire 50 people in Metro Detroit this year, expanding its workforce to 500 personnel by 2012 and 600 by 2014. Read full story... Source: Timothy Weir, director of communicati...
Read morePress Releases • January 06, 2011
Robert Klap Joins Platinum Equity as Principal
LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm's investor relations, capital raising and deal origination programs.Most recently, Mr. Klap was an executive at UBS in London, responsible for managing private equity fund investments in the bank's wealth management group. Previously, he was a private equity portfolio manager at Shell Asset Management Company and a fund manager at Mn Services, each of which are institutional investors in Platinum's private equity funds."I am deli...
Read morePress Releases • December 21, 2010
Platinum Equity Completes Acquisition of American Commercial Lines
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