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 • October 19, 2007
Platinum Equity Completes Acquisition of Ryerson Inc.
Takes Company Private in Transaction Valued at Approximately $2 Billion LOS ANGELES (October 19, 2007) – Platinum Equity announced today that it has completed the acquisition of Ryerson Inc., one of the largest metal service centers in North America with annual revenue of approximately $6 billion. The acquisition was a public-to-private transaction in which Platinum acquired all outstanding shares of Ryerson stock for $34.50 per share. The company previously traded on the New York Stock Exchange under the ticker symbol RYI. “Ryerson has a great history and also great potential,”...
Read morePress Releases • October 03, 2007
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners Company Became a Leading IT Solutions Provider Following Acquisition by Platinum and Follow-On Addition of GE IT Solutions Unit BEVERLY HILLS, California (October 3, 2007) – Platinum Equity announced today that it has completed the sale of portfolio company CompuCom Systems to an affiliate of Court Square Capital Partners in a transaction valued at approximately $628 million. CompuCom is a leading provider of a broad range of information technology solutions that help clients through the...
Read morePress Releases • July 24, 2007
Ryerson to be Acquired by Platinum Equity for $34.50 Per Share in Cash
Chicago, IL, July 24, 2007 –Ryerson Inc. (NYSE: RYI) today announced that it has entered into a definitive merger agreement to be acquired by Platinum Equity, a leading private equity firm, in a transaction valued at approximately $2.0 billion. Under the terms of the agreement, an affiliate of Platinum Equity will acquire all of the outstanding shares of Ryerson common and convertible preferred stock for $34.50 per share in cash. The cash purchase price per share of $34.50 represents a 15% premium over Ryerson’s closing share price of $30.01 on February 13, 2007, the day prior to the an...
Read morePress Releases • July 09, 2007
Court Square Capital Partners Agrees to Acquire CompuCom Systems
Transaction Valued at Approximately $628 Million DALLAS, Texas, July 9, 2007 – CompuCom Systems, Inc. (“CompuCom”) announced today that CHR Holding Corporation, an affiliate of Platinum Equity and parent company of CompuCom Systems, Inc., has entered into a definitive agreement pursuant to which IIM Acquisition Corp., an affiliate of Court Square Capital Partners (“Court Square”), would acquire CompuCom. The transaction is valued at approximately $628 million and is expected to close in the second half of 2007, subject to regulatory approvals as well as satisfaction of other cu...
Read morePress Releases • June 05, 2007
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics Co
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics Co LOS ANGELES (June 5, 2007) – Platinum Equity announced today that it has completed the acquisition of Weyerhaeuser Company’s wholesale products distribution centers in Canada and established the distribution business as a standalone company named Broadleaf Logistics Company. In conjunction with the acquisition, Platinum Equity announced that Paul Perkins has been appointed as Chief Executive Officer of Broadleaf Logistics. Mr. Perkins previously served as vice president, policy and pl...
Read morePress Releases • March 29, 2007
Platinum Equity Completes Acquisition of Strategic Distribution, Inc.
LOS ANGELES--(BUSINESS WIRE)--Platinum Equity announced today that it has completed the acquisition of Strategic Distribution, Inc., which provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico. The acquisition is a public-to-private transaction and Strategic Distribution Inc. has been delisted from the NASDAQ exchange, with each share of common stock converted into the right to receive $10 in cash per share. In conjunction with the acquisition, Platinum Equity announced that Rudi Strobl has been appointed as CEO of ...
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