Archives: Our News

Our News inside our platform

Platinum Equity Portfolio Company Ranger Boats Announces Expansion: Company Will Invest $13 Million and Create 100+ Jobs

FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation’s largest manufacturer of premium fiberglass fishing boats, today announced the expansion of its manufacturing facility in Flippin, Arkansas. The company will invest $13 million to retool, transition and expand its facilities, which will create more than 115 new jobs. […]

Ulticom Agrees to be Acquired by Platinum Equity

Mount Laurel, NJ  (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) (“Ulticom” or “Company”) announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special […]

Platinum Equity Portfolio Company PEAK Technologies Leverages ITSmobile Solution to Extend SAP® Workflow Approvals to Sales and Executive Management Team via BlackBerry® Devices

COLUMBIA, MD — (MARKET WIRE) — 09/08/10 — PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface. PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team […]

Platinum Equity and The Gores Group Acquire Alliance Entertainment from Source Interlink

Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone Business LOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc.  Financial terms of the transaction were not disclosed. Alliance Entertainment is the largest wholesale distributor of […]

MegaPath, Covad, Speakeasy Merger Closes

Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Services SAN JOSE, Calif.–  (BUSINESS WIRE)–MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 […]

Platinum Equity Portfolio Brand Glastron Boats Launches 2011 Models from New Facility

Boat builder hosts dealers at Open House event in new facility Cadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 2011 model year line up for Glastron Boats, with an Open House event conducted at the new manufacturing facility in Cadillac, Michigan. Dealers from all over North America and International […]

Excel Telecommunications Acquisition Closed by Platinum Equity Portfolio Company Matrix Telecom

DALLAS – August 3, 2010 – Matrix Telecom Inc. (“Matrix”), a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, today announced it has completed the acquisition of substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating […]

Platinum Equity Portfolio Company Acument Completes Divestiture of Avdel and GEC Units

LOS ANGELES, CA–(Marketwire – August 3, 2010) – Platinum Equity today announced that Acument Global Technologies has completed the sale of Acument’s Avdel and Global Electronics & Commercial (GEC) business units to Asia Trading Company Limited, a company owned indirectly by funds advised by CVC Asia Pacific and Standard Chartered Private Equity Limited (SCPEL). Terms […]

Triton Boats Acquired from Brunswick by Platinum Equity Portfolio Company Fishing Holdings

FLIPPIN, Ark. (July 29, 2010) –   Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishing boats owned by an affiliate of Platinum Equity,  announces its acquisition of  Triton Boats from Brunswick Corporation.  Terms of the transaction are not disclosed. Triton founder Earl Bentz will join Fishing Holdings and resume his role at the […]