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Platinum Portfolio Company Acument Global Technologies’ Saturn<sup>®</sup> Fasteners Operation Earns Silver Boeing Performance Excellence Award

BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acument Global Technologies, today announced it has received a 2009 Boeing Performance Excellence Award.  The Boeing Company issues the award annually to recognize suppliers achieving superior levels of performance. Saturn Fasteners, located in Burbank, Calif., received the award for the […]

BoatTEST.com Covers Platinum Equity’s Purchase of Genmar

BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s acquisition of Genmar. BoatTEST commented on Platinum’s reputation for professionalism, integrity, and no non-sense operations. The Web site also framed Platinum as a welcomed, and much needed, addition to the boating industry. The acquisition included the Ranger, Stratos, Champion, Wellcraft, […]

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 […]

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 […]

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, […]

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 […]

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 […]

Platinum Equity’s CFO Featured in Treasury & Risk Magazine’s

Treasury & Risk, a leading finance industry magazine, profiled Platinum’s CFO Mary Ann Sigler as one of three “CFOs To Watch.” The article highlights Sigler’s essential role at Platinum and particularly in its success during the recent economic downturn. Sigler discusses Platinum’s focus on buying solid, fundamentally sound companies that are underperforming and would benefit […]

Platinum Equity Portfolio Company 3B Appoints Agent In India

3B, a Belgium-based glass fiber reinforcements manufacturer, appointed Essen International as its non-exclusive agent for India. The appointment dovetailed with 3B’s plans to develop its business in Asia, particularly in the rapidly expanding markets of India and China. The strategy also enabled to 3B partner with an innovative local Indian company, while Essen expanded its […]