Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • December 01, 2015
Platinum Equity Completes Sale of Pomeroy to Tolt Solutions
Successful Investment Extends Platinum Equity’s Long History of Creating Value in the Technology Sector Los Angeles (Dec. 1, 2015) – Platinum Equity announced today it has completed the sale of Pomeroy to Tolt Solutions, a portfolio company of Clearlake Capital Group, L.P. Financial terms of the agreement were not disclosed. Pomeroy is a provider of comprehensive information technology solutions and managed services. Platinum Equity acquired Pomeroy in November 2009 in a public-to-private transaction. Platinum Equity Partner Jacob Kotzubei said a strong partnership with Pomeroy’s ma...
Read morePress Releases • November 12, 2015
American Commercial Lines Completes Acquisition of AEP River Operations
Jeffersonville, IN, November 12, 2015 – American Commercial Lines (ACL) announced today it has completed the acquisition of AEP River Operations from American Electric Power (AEP). AEP River Operations is a commercial inland barge company delivering approximately 45 million tons of products annually. The company is based in Chesterfield, Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle Chasse, Louisiana. ACL, a portfolio company of Platinum Equity, is based in Jeffersonville, Indiana, and is one of the most diversified marine transportation service companies ...
Read morePress Releases • October 26, 2015
Platinum Equity to Sell Information Technology Solutions Provider Pomeroy
Successful Investment Extends Platinum Equity’s Long History of Creating Value in the Technology Sector Los Angeles (Oct. 26, 2015) – Platinum Equity announced today it has signed a definitive agreement to sell Pomeroy to Tolt Solutions, a portfolio company of Clearlake Capital Group, L.P. Financial terms of the agreement were not disclosed. The transaction is expected to close in Q4 2015. Pomeroy is a provider of comprehensive information technology solutions and managed services. Platinum Equity acquired Pomeroy in November 2009 in a public-to-private transaction. Platinum Equity ...
Read morePress Releases • October 14, 2015
Platinum Equity to Sell DMS Health Technologies to Digirad Corporation
Successful Investment Underscores Platinum Equity’s Continued Strength in the Lower Middle MarketLos Angeles (Oct. 14, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell DMS Health Technologies (“DMS Health”) to Digirad Corporation (NASDAQ: DRAD). The transaction is expected to close by the end of 2015.Headquartered in Fargo, North Dakota, DMS Health provides mobile diagnostic imaging and related sales and services to small and regional hospitals throughout the country, with a large concentration in the upper Midwest region. Platinum Equity acquired ...
Read morePress Releases • October 01, 2015
Platinum Equity Completes Acquisition of Worldwide Flight Services
LOS ANGELES (Oct. 1, 2015) – Platinum Equity today announced it has completed the acquisition of Worldwide Flight Services from LBO France. WFS is one of the world's largest cargo handlers and a leading global provider of ground handling and technical services. Financial terms were not disclosed. Bastian Lueken, head of Platinum Equity’s European investment team, said: “We are excited about the prospects for WFS and are working with the management team to execute on the company’s long-term growth strategy.” Today WFS is present at over 145 major airports in more than 22 countri...
Read morePress Releases • October 01, 2015
American Commercial Lines to Acquire AEP River Operations
Acquisition Expected to Create Strong Synergies and Reunite ACL Management Team with Business It Helped BuildJeffersonville, IN, Oct. 1, 2015 – American Commercial Lines (ACL) announced today it has signed a definitive agreement to acquire AEP River Operations from American Electric Power (NYSE: AEP).AEP River Operations is a commercial inland barge company delivering approximately 45 million tons of products annually. The company is based in Chesterfield, Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle Chasse, Louisiana. ACL, a portfolio company of Platinu...
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