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 • February 02, 2010
Platinum Equity Completes Acquisition of Genmar Assets
LOS ANGELES, CA -- (Marketwire - February 2, 2010) - Platinum Equity announced today that it has completed the acquisition of several boat brands and related assets from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The U.S. Bankruptcy Court for the District of Minnesota approved the transaction on January 13, 2010. The acquisition includes the Ranger, Stratos, Champion, Wellcraft, Four Winns and Glastron boat brands; manufacturing facilities and related operations in Flippin, Ark., Cadillac, Mich., and Murfreesboro, Tenn.; and certain...
Read moreFebruary 02, 2010
Platinum Equity Finds Safe Harbor in Ranger Boats
As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation's largest manufacturer of premium fiberglass fishing boats. Ranger embraced the new ownership and emphasized its full support of Platinum. The boating company will benefit from a new capital structure and will maintain focus on building the highest quality fishing boats in the industry. Ranger entered 2010 with the strongest boat lineup in its 40-plus year history and was heralded by industry leaders for its aggressive development of new models. Full stor...
Read moreJanuary 27, 2010
Platinum Equity Portfolio Company Ryerson Strengthens Presence in Houston, TX
Chicago-based metals processor and distributor Ryerson Inc. acquired the Houston, Texas-based steel plate fabricator Texas Steel Processing, Inc. The acquisition followed Ryerson’s filing for an initial public offering earlier in the week. Ryerson expects the acquisition to strengthen its presence in the region. The company’s executive vice president and chief financial officer, Terence R. Rogers, said the transaction would “expand our product offering and capabilities in the Houston market.” Platinum commented that the portfolio company would continue to evaluate additional acquisi...
Read morePress Releases • January 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...
Read morePress Releases • January 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 07, 2010
Platinum Equity Portfolio Company DAUM Commercial Real Estate Services at Annual AIR Broker Panel
Dennis L. Sandoval of DAUM Commercial Real Estate Services spoke at AIR Commercial Real Estate Association’s 17th Annual Market Review & Forecast at The Jonathan Club in downtown Los Angeles. The event featured an expert panel of Los Angeles-area commercial brokers, whose commentary focused on the region’s nine submarkets, the noteworthy market events of the past year, and forecasting prospects for 2010. The AIR Review & Forecast, which is known for its sub-market format, is an influential event in Southern California’s commercial and industrial real estate community. It deliv...
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