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 • November 20, 2012
Pomeroy Expands Remote Monitoring and Management Services with Acquisition of BluePoint Data
Tuck-in acquisition increases Pomeroy's remote monitoring & management, managed cloud services portfolios. Hebron, KY – Pomeroy, a global leader in managed services to optimize IT infrastructure, today announced that it has acquired the assets of BluePoint Data, Inc. Founded in 2000 and headquartered in Boca Raton, FL, BluePoint Data provides a comprehensive menu of cloud-based managed services for networks, servers, storage, security, applications and databases. The acquisition further strengthens Pomeroy's remote monitoring and management (RMM) offering, effectively doubling the...
Read morePress Releases • November 16, 2012
Contego Packaging Agrees to the Sale of its European Cartons Business to Graphic Packaging
Contego Packaging announced today that it has signed a definitive agreement to sell its food and beverage Cartons business to Graphic Packaging Holding Company. The Cartons business includes operations in the UK, the Netherlands and Ireland with sites in Leeds, Gillingham, Hoogerheide, and Portlaiose. The ownership and growth strategy of the Healthcare business of the Contego Packaging Group remains unchanged and continues to remain focused on expansion through organic and acquisitive growth by building on the significant investments that have been made over the past 18 months. During this ...
Read morePress Releases • November 05, 2012
Platinum Equity Completes Acquisition of BWAY Parent Company, Inc.
Atlanta, GA – BWAY Parent Company, Inc., a leading North American supplier of general line rigid containers, announced today it has been acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. The transaction, first announced October 2, 2012, closed today."We are excited about this next step in the evolution of our company as we transition to new ownership," said Kenneth Roessler, BWAY President and Chief Executive Officer. "Platinum provides strong operational capabilities that perfectly fit our strategic focus for the next chapter. Our goals are ...
Read morePress Releases • November 01, 2012
Caterpillar Logistics Services Becomes Neovia
Chicago, IL -- November 1, 2012 – The business formerly known as Caterpillar Logistics Services today announced a new name and corporate brand identity, Neovia. Neovia provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries. Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Caterpillar Inc. in July. Caterpillar retained a 35 percent equity stake. “The new name, which translates to ‘a new path,’ and our brand mark expresses our forward-thinking culture as we set off on...
Read morePress Releases • October 02, 2012
BWAY Parent Company, Inc. to be Acquired by Platinum Equity
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. "We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roe...
Read morePress Releases • August 15, 2012
Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time. "Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their comm...
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