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 • 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...
Read morePress Releases • September 03, 2015
The Citizen Hotel Joins Autograph Collection Hotels™ Global Portfolio
Sacramento, California (PRWEB)September 03, 2015 The Citizen hotel in Sacramento, California, which was recently acquired by Platinum Equity, is the latest addition to Autograph Collection Hotels, Marriott International’s exclusive portfolio of properties recognized for celebrating individuality. “Our goal is to give guests of the Citizen an upscale luxury experience with a location convenient to all that downtown Sacramento has to offer,” said Michael George, President and CEO of Crescent Hotels & Resorts. “The partnership with Autograph Collection has positioned us to prese...
Read morePress Releases • June 01, 2015
Platinum Equity Completes Sale of Bridge Terminal Transport Services
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market LOS ANGELES (June 1, 2015) – Platinum Equity announced today the sale of Bridge Terminal Transportation Services (BTT) to XPO Logistics, Inc. (NYSE: XPO) has been completed. Financial terms of the transaction were not disclosed. BTT is a leading marine drayage provider with a network of 28 terminals and 27 container yards throughout the contiguous United States. “Our stewardship of BTT demonstrates the value of Platinum Equity’s operationally-focused approach and our co...
Read morePress Releases • May 22, 2015
Maxim Crane Works Acquires Crane Rental Corporation
Pittsburgh, PA -- May 22, 2015 -- Maxim Crane Works announced today it has acquired Orlando, Fla.-based Crane Rental Corporation, a provider of heavy hauling, specialized rigging and crane services in the Southeast United States. Financial terms of the transaction were not disclosed. CRC provides operated and bare crane, rigging and lifting services from three locations in Florida and one in Alabama. The company's fleet includes primarily Crawler, Rough Terrain, All Terrain, fleet platform trailers, dual lane trailers, hydraulic gantry's, Tower and Truck Operated crane equipment. Maxim C...
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