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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May 17, 2024
Platinum Equity’s Jacob Kotzubei Talks Coping with Inflation at Milken
For the second consecutive year, Platinum Equity Co-President Jacob Kotzubei was invited to participate in a Milken Institute Global Conference panel discussion. Flanked by other senior private equity investment professionals during an hour-long discussion titled Private Equity Delivering Value, Kotzubei addressed many topics, which included: Platinum Equity’s operational approach to building value. Platinum Equity’s long history of creating value through complex carveouts from corporate sellers. Platinum Equity’s portfolio-wide approach to the Federal Reserve’s interest ...
Read moreMay 16, 2024
Club Car Championship Raises an Event Record $450,000 for Charity
The recent Club Car Championship raised a record $450,000 for Savannah, Ga. charities, according to WTOC-TV. Pro golfer Steven Fisk birdied three of the final four holes of regulation to win in a sudden-death playoff at The Club Car Championship, which is part of the Korn Ferry Tour. The event has raised more than $1.6 million for charity since it was started seven years ago. This year’s tournament took place in April at The Landings Golf & Athletic Club. “At the heart of the Club Car Championship at The Landings Golf & Athletic Club is raising critical dollars to create a po...
Read morePress Releases • May 14, 2024
Kohler Co. and Platinum Equity Close Transaction to Establish Kohler Energy as Independent Business
KOHLER, Wis. – May 6, 2024 – Kohler Co. and Platinum Equity announced today the companies have closed the transaction to establish Kohler Energy as a separate, independent business. Platinum Equity is now the majority owner of the Energy business and Kohler Co. remains an investment partner. Financial details are not being disclosed. Kohler Energy is strategically positioned to continue strong performance in the global energy resilience marketplace, now operating as a standalone company outside of Kohler Co. Brian Melka is CEO of the Energy business, elevating his leadership role after ...
Read moreApril 25, 2024
How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co.
In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a global name with more than 40,000 employees, is known for its kitchen and bath products. But the pandemic hit. With uncertainty, the Kohler family decided to temporarily pause the sale process. Over the next few years, Platinum Equity remained in contact with Kohler’s management team, growing and strengthening the relationship. In November 2023, Kohler selected Platinum Equity as the majority investment partner in its standalone energy resilience business, Kohler Ene...
Read moreApril 25, 2024
Club Car Unveils New Facility to Build Club Car Urban in Georgia
APPLING, Ga. - With elected officials and area business leaders on hand, Club Car officially opened its new manufacturing facility recently with a ribbon-cutting ceremony. Club Car CEO Mark Wagner and Georgia Governor Brian Kemp did the honors, cutting the ceremonial ribbon in front of employees and community members who assembled outside the 105,000 square-foot flexible production and warehouse space that the vehicle manufacturer opened to produce the fully electric, street legal Club Car Urban for the United States. “Club Car is bringing jobs into Georgia in the growing e-mobility s...
Read moreApril 23, 2024
How Platinum Equity Ops, Winc Leadership ‘Rose to the Occasion’
SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September day. Winc Supply Chain Director Chris Fox proudly takes visitors by rows of empty pallets neatly stacked near the loading dock. He points to fully automated robots moving boxes of workplace supplies like headphones, cleaning products, staples, hand sanitizer and common office snacks. Workers move about the more than 43,000 square meter facility on forklifts, placing boxes on shelves. There are multiple indicators of a thoughtful approach to sustainability. The scene ...
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