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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Press Releases • February 10, 2020
Gores Holdings III, Inc. Completes Acquisition of PAE From Platinum Equity
Combined company renamed PAE Incorporated and will trade on Nasdaq under PAE and PAEWW LOS ANGELES (February 10, 2020) – Gores Holdings III, Inc. (“Gores Holdings III”) (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC (“The Gores Group” or “Gores”), today announced that it completed the acquisition of Platinum Equity portfolio company PAE (“PAE” or the “Company”), trusted provider of outsourced solutions for enduring missions of the United States government and international partners for over 6...
Read morePress Releases • January 31, 2020
Platinum Equity Completes $2.7 Billion Acquisition of Cision Ltd.
CHICAGO, Jan. 31, 2020 /PRNewswire/ -- Cision LTD., a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. “Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment,” said Platinum Equity Chairman and CEO Tom Gores. “This is an investment that plays to Platinum’s core strengths. We will deploy our ...
Read morePress Releases • January 21, 2020
Platinum Equity Acquires Marketing Technology Platform Centerfield, Completes Add-on Acquisition of Digital Ventures
Centerfield’s World-Class Customer Acquisition Technology Poised for Additional Growth and Expansion LOS ANGELES – Jan 22, 2020 – Platinum Equity today announced the acquisition of Centerfield, a technology-driven marketing and customer acquisition company. The firm also announced that Centerfield has acquired Digital Ventures, which operates leading web sites in home security, residential services, senior services, and other verticals. Financial terms of the transactions were not disclosed. “Centerfield has delivered millions of customers and sales to many of America’s largest...
Read moreJanuary 13, 2020
Dave Abel Named Chief Executive Officer Of Aventiv Technologies And Its Corrections Subsidiary Securus Technologies
Mr. Abel Announces Accelerated Transformation Program Focused On Affordability, Accountability, Innovation and Reform DALLAS, Jan. 13, 2020 -- Technology and government services executive Dave Abel has been named President and Chief Executive Officer of Aventiv Technologies and its corrections services subsidiary Securus Technologies, effective immediately. "Dave is an innovative leader who we recruited in April to develop and accelerate an ambitious business transformation program for Securus," said Bryan Kelln, president of portfolio operations at Platinum Equity, which owns the ...
Read morePress Releases • January 09, 2020
Wesco Aircraft Acquired by Affiliate of Platinum Equity, Combined with Pattonair at Closing
VALENCIA Calif., January 9, 2020 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry, today announced that the expected acquisition of the company by an affiliate of Platinum Equity has been completed in a transaction valued at approximately $1.9 billion. At closing, Wesco Aircraft was combined with Platinum Equity portfolio company Pattonair, a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom. ...
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