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 • October 27, 2011
Platinum Equity Acquires NESCO
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were not disclosed. Based in Bluffton, IN, NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America...
Read morePress Releases • October 27, 2011
KEMET Announces Election of Jacob Kotzubei to KEMET Board of Directors
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company's Board of Directors. On October 25, 2011, the Company's Board of Directors increased the size of the Board to nine members and elected Mr. Kotzubei to fill the resulting vacancy, placing him in the Board of Directors' Class of 2013. Mr. Kotzubei joined Platinum Equity, LLC ("Platinum Equity") in 2002 and is a Partner at the firm. Mr. Kotzubei serves as an officer ...
Read morePress Releases • October 25, 2011
QuarkXPress 9 from Platinum Equity Company Quark Named Publishing Product of the Year by <i>MacUser</i>
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUser Award for Publishing Product of the Year. The annual MacUser Awards recognize the best products released each year for Apple users. In this year's publishing category QuarkXPress beat out Adobe Dreamweaver CS5.5, Adobe InDesign CS5.5 and Digital Publishing Suite, Aquafadas Digital Publishing Suite, Mag+, Nuance PDF Converter Professional 7, RapidWeaver 5, and Sandvox 2. Adam Banks, Editor of MacUser said, "The arrival of the iPad and other tablets has rapidly changed the wa...
Read morePress Releases • October 20, 2011
Platinum Equity Company Keystone Automotive Operations Acquires NTP Distribution
Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and accessories, in coordination with its majority shareholders Platinum Equity, announced today that it has acquired NTP Distribution Inc. (NTP) is a privately held provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle (RV) and towing industries. "This is a terrific example of how Keystone can leverage its strong logistics and distribution capabilities to offer dealers in the RV and hitching and towing industries our unique value...
Read moreOctober 12, 2011
Platinum Equity Company Quark Special Upgrade Program Benefits Owners of Early Versions
As reported in Macworld, an online source for Apple- and software-related news, Quark, a Platinum Equity portfolio company, is looking to the past to generate interest in the future. Quark has created a special upgrade program making the latest version of QuarkXPress available at a discount to all owners of previous versions of the software. “We know there are QuarkXPress enthusiasts that are still working with older versions and we’d like to ease their transition to QuarkXPress 9 by offering a special offer on the cost of an upgrade,” said Gavin Drake, Vice President of Marketing for...
Read morePress Releases • October 03, 2011
Platinum Equity Completes Sale of AEES
Los Angeles, CA – Platinum Equity announced today it has completed the sale of its North American wire harness business, AEES, to PKC Group. The sale transaction included cash consideration and newly issued PKC shares. AEES is one of the leading North American suppliers of wiring harness solutions to automotive original equipment manufacturers and tier-one suppliers. AEES also has operations in Brazil and Ireland. PKC is one of the leading wiring harness manufacturers for trucks in Europe and South America. “PKC is a great strategic fit for AEES with a complementary geographic footpr...
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