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 10, 2013
Platinum Equity to Acquire Volvo Rents
Los Angeles (December 10, 2013) – Platinum Equity today announced it has signed a definitive agreement to acquire Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Chairman and CEO Tom Gores said he is pleased about the strong relationship developed with the Volvo Group, one of the world’s leading industrial manufacturers. “...
Read morePress Releases • November 22, 2013
Platinum Equity Completes Acquisition of Majority Interest in Emerson Embedded Computing & Power
Los Angeles (Nov. 22, 2013) – Platinum Equity announced today that it has completed the acquisition of a 51 percent controlling stake in Emerson’s Embedded Computing & Power (EC&P) business. Emerson (NYSE: EMR) retains a 49 percent non-controlling interest. The EC&P business is a global technology leader in the development of power conversion and embedded computing solutions for communications, computing and industrial applications. Platinum Equity will establish EC&P as a standalone enterprise under a new corporate identity that will be announced at a later date. P...
Read morePress Releases • October 01, 2013
Platinum Equity Acquires MetoKote Corporation
Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a provider of industrial metal coating services, from CCMP Capital Partners LLC. Terms of the transaction were not disclosed. MetoKote President and CEO Jeff Oravitz will continue to lead the company under new ownership and the company will continue to operate under the MetoKote brand. “We are excited about the transition to new ownership and look forward to working with the Platinum Equity team to continue growing our business by providing customers with best-in-class coatings s...
Read morePress Releases • October 01, 2013
Platinum Equity Completes Acquisition of CBS Outdoor's European Business
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets. CBSO International CEO Antonio Alonso said he looks forward to the next step in the company’s evolution. “The CBS Outdoor International team has worked incredibly h...
Read morePress Releases • September 26, 2013
Platinum Equity Acquires HomeDirect, Combines Business with MXD Group
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation Resource Partners, LP (TRP) and is combining the business with Platinum Equity portfolio company MXD Group. HomeDirect was established in 1995 as part of the Bekins Company and has been owned by TRP since 2005. MXD Group (formerly Exel Direct, Inc.), was acquired by Platinum Equity from Exel Inc., a subsidiary of Deutsche Post DHL, in May 2013 and the business was rebranded last month. “Bringing together the people, technology, customers and third-party relationships ...
Read morePress Releases • September 19, 2013
Platinum Equity Completes Acquisition Of Bridge Terminal Transport From Maersk Inc.
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially all the assets of Bridge Terminal Transport, Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport ("BTT") brand going forward. BTT, based in Charlotte, NC, is one of the largest drayage providers and a leader in international and domestic transportation solutions at major port locations and inland rail sites throughout the United Sta...
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