Platinum Equity’s Louis Samson Discusses Key Industry Topics at Milken Global Conference 2026
Firm co-president shares perspective on the state of private equity, market outlook.
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May 04, 2009
Platinum Equity Completes Acquisition of San Diego Union-Tribune
BEVERLY HILLS, CA – May 4, 2009 – Platinum Equity announced today that it has completed the acquisition of San Diego’s leading daily newspaper, The San Diego Union-Tribune, from The Copley Press Inc. The transaction was previously announced on March 18. Platinum also announced the appointment of Paul Bridwell as the Union-Tribune’s Chief Restructuring Officer. Pending the appointment of a permanent publisher, Mr. Bridwell will be the senior executive at the newspaper, responsible for day-to-day operations and long-term strategic planning. Louis Samson, the Platinum Equity princip...
Read moreJune 15, 2009
Platinum Completes Acquisition of Wire Harness and Electrical Distribution Business from Alcoa
LOS ANGELES, CA (June 15, 2009) – Platinum Equity today announced it has completed the acquisition of the wire harness and electrical distribution business of Alcoa (NYSE:AA). Financial terms of the acquisition were not disclosed. The transaction was first announced on April 30. The wire harness and electrical distribution business is the largest piece of Alcoa’s Electrical and Electronic Solutions division, and its customers include major domestic and international automotive original equipment manufacturers and tier-one suppliers. “Closing this transaction with Alcoa is a signifi...
Read moreJuly 01, 2009
Platinum Equity Acquires Geesinknorba from Oshkosh Corporation
LOS ANGELES, CA (July 1, 2009) – Platinum Equity today announced it has completed the acquisition of The Geesink Norba Group from Oshkosh Corporation (NYSE:OSK). The company, which has recently been rebranded GEESINKNORBA, is based in Emmeloord, The Netherlands, and is a leading European manufacturer of refuse collection vehicles (RCVs). “GEESINKNORBA is an established business with talented employees and long-standing relationships with valued customers,” said Tom Gores, Platinum Equity Chairman and CEO. “The company has an extraordinary opportunity to thrive as an independent busi...
Read moreSeptember 25, 2009
Pomeroy IT Solutions, Inc. Announces Agreement to be Acquired by Platinum Equity for $6.50 Per Share
HEBRON, KY September 25 -- Pomeroy IT Solutions, Inc. (Nasdaq: PMRY), an information technology ("IT") solutions provider (the "Company"), announced today that it has entered into a definitive merger agreement to be acquired by affiliates of private equity firm Platinum Equity, LLC. Under the terms of the merger agreement, Platinum Equity, through its affiliates, will acquire all of the outstanding common stock of the Company for $6.50 per share. The Company also announced that, immediately prior to entering into the merger agreement with Platinum Equity's affiliates, the Company terminated...
Read moreJanuary 19, 2010
Platinum Equity Acquires OAO Technology Solutions
Los Angeles, CA and Greenbelt, MD (January 19, 2010) — Platinum Equity announced today it has acquired OAO Technology Solutions, Inc. (“OAOT”) from an affiliate of J.F. Lehman & Company and the other stockholders of OAOT. Terms of the transaction were not disclosed. OAOT provides managed IT services and solutions for Fortune 500 corporations, global outsourcers and government agencies. “OAOT has long-standing relationships with valued customers, an outstanding international workforce and a reputation for delivering exceptional customer service,” said Jacob Kotzubei, the par...
Read moreJanuary 26, 2010
Platinum Portfolio Company Ryerson Acquires Texas Steel Processing, Inc.
Chicago, IL -- Ryerson Inc. announced today that Joseph T. Ryerson & Son, Inc., Ryerson’s wholly-owned subsidiary, has acquired Texas Steel Processing, Inc. (TSPI), a steel plate fabricator based out of Houston, Texas, for an aggregate purchase price of approximately $11.4 million. TSPI was founded in 1995 under the name Texas Plate Processing, Inc. and in 2001 became Texas Steel Processing, Inc. when it was purchased by the current owner. TSPI moved into a new built-to-suit facility in late 2008 to meet their growing demand. Their fabrication processes include: plasma/oxy burning, r...
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