Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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September 05, 2023
Platinum Equity Delivers Speed, Certainty on Calderys, HWI Deals
By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional growth and investment. In a matter of 20 days, Platinum closed a €930m EV carveout deal for the refractories business of French-headquartered corporate Imerys, plus the transformative add-on of HarbisonWalker International (HWI), a U.S.-based refractory company. The combined businesses will operate under the name Calderys. The Imerys deal emerged as a carveout from ...
Read moreSeptember 04, 2023
HWI's $35M Renovation of Alabama Plant 'Remarkable' Story
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International representatives Kevin Ballard and Jason West came upon a scene where Mother Nature was winning. Ballard, vice president of operations and engineering, recalled the visit in June. “Weeds were high, and some pigeons had found homes in the rafters,” Ballard said. West, director of engineering and maintenance, who lives in nearby Jasper, worked at the location...
Read moreAugust 31, 2023
Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb. Gov. Gretchen Whitmer and the Michigan Economic Development Corporation said the cabinet manufacturer plans to “centralize corporate functions to better serve its customer base and to attract and retain talent by relocating to a Livonia, Mich., facility that is being improved and renovated.” The state will award the company a $600,000 grant as part of the expansion. “Cabinetworks is dr...
Read moreAugust 29, 2023
Unical Aviation CEO Sharon Green: How focus on operations, efficiency, has fueled growth at aftermarket aircraft parts supplier
Sharon Green was on the General Electric Co. transition team following the sale of GE Capital Aviation Services to Irish aircraft leasing giant Aercap, a deal worth $30 billion. As the transition period was winding down, Green received several calls from a headhunter representing Platinum Equity. It was seeking an experienced executive to run Unical Aviation, which Platinum Equity acquired in July 2021. The Small Cap investment team led the acquisition. But Green ghosted the calls – she readily admits to a previous negative perception of private equity. But on the third call, the recru...
Read moreAugust 17, 2023
Why Jalen Rose appreciates Tom Gores’, Platinum Equity’s decade-long support of JRLA annual golf outing fundraiser
DETROIT – Earlier this summer, Jalen Rose walked the hallways with students at the school that bears his name as the youths shared goals and aspirations for the upcoming school year. The visit to the Jalen Rose Leadership Academy came roughly a month after Rose presided over graduation ceremonies for the school’s ninth senior class. Before his session with students, Rose, who starred as a point guard at now-closed Detroit Southwestern before going on to stardom at the University of Michigan and in the NBA, revealed a major reason he decided to found a school in the neighborhood wher...
Read morePress Releases • August 15, 2023
Platinum Equity’s Credit Team Provides Term Loan to RELAM to Support Company’s Growth
LOS ANGELES, Aug. 15, 2023 — Platinum Equity announced today it provided a Second-Lien Term Loan (“Term Loan”) to Railway Equipment Leasing and Maintenance Inc. (“RELAM”) to refinance existing indebtedness and support future growth of the business. RELAM is a well-known provider of specialty rental equipment for recurring, regulatory-driven maintenance-of-way (“MOW”) work on railroads, serving the industry’s largest operators and contracted service providers. “We are pleased to have provided RELAM a financing solution with speed and certainty in a market that remains co...
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