Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b...
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December 18, 2020
How Platinum Equity founder Tom Gores’ $350,000 pledge during SAY Detroit fundraiser will help spread gift of helping others
Tom Gores’ charitable donations to SAY Detroit have become an annual occurrence. Earlier this week, the founder and CEO of Platinum Equity found a creative way to spur the spirit of giving in children. Gores called the Detroit non-profit’s recent annual radiothon and pledged $350,000 during the event for the charity providing assistance to the city’s neediest residents, needs that have been exacerbated during the COVID-19 pandemic. But in a creative twist, $250,000 will go to the non-profit, and the kids who attend the charity’s play center on Detroit’s east side will determ...
Read moreDecember 17, 2020
Husky’s manufacturing acumen showcases multi-purpose (and sustainable) PET solutions
The brief conversation made cinematic history. In The Graduate, a young Dustin Hoffman plays Benjamin Braddock, who gets career advice from a family friend shortly after college graduation. Mr. McGuire: Plastics. Benjamin: Exactly how do you mean? Mr. McGuire: There's a great future in plastics. Think about it. Will you think about it? Benjamin: Yes, I will. Mr. Maguire: OK. Enough said. That's a deal. Husky Injection Molding Systems CEO John Galt, who joined the company in 1985, chuckles slightly after mentioning the scene when asked about the negative perceptions surro...
Read moreDecember 17, 2020
How Tom Gores cultivated the Detroit Pistons’ push for diversity and inclusion
It is an annual occurrence in NBA markets. Shortly after the draft, a news conference is held to introduce the young prospects to local media. The front office’s top talent evaluator and the head coach explain the reasoning behind the selections and why this collection of talent will ultimately lead to winning games. That was the scene on Nov. 27 when the Detroit Pistons presented their 2020 draft class - rookies Killian Hayes, Isaiah Washington, Saddiq Bey and Saben Lee. General manager Troy Weaver said the four men, “embody everything we want for the Pistons going forward.”...
Read morePress Releases • December 09, 2020
Platinum Equity to Acquire Ingram Micro for $7.2 Billion
Acquisition of World’s Largest Technology Distributor and Leading Provider of Logistics Solutions and Services to Leverage Platinum Equity’s Industry Experience, Financial Resources and Global Operating Expertise Ingram Micro, with $47 Billion of Annual Sales, Gains Added Flexibility and Resources to Accelerate Growth and Execute on Strategic Initiatives Under Platinum Equity’s Ownership LOS ANGELES and IRVINE, California (December 9, 2020) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world’s largest provid...
Read morePress Releases • December 03, 2020
Nesco Holdings to Acquire Custom Truck One Source and Create Leading Specialty Rental Equipment Company in Partnership with Platinum Equity
Transformative transaction resulting in greater scale and enhanced depth and breadth of products and services to better serve highly attractive infrastructure-related end-market customers Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco and will hold a majority interest in the combined company Nesco lead investors, Energy Capital Partners and Capitol Investment, and existing CTOS lead investor, Blackstone, to remain ongoing shareholders in partnership with Platinum Equity Combination sig...
Read morePress Releases • November 13, 2020
Platinum Equity to Sell PrimeSource to Clearlake Capital Group
Global Distributor of Specialty Building Materials will Serve as Clearlake’s Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 13, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”). Terms of the transaction were not disclosed. PrimeSource is a leading global distributor of specialty building materials ...
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