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 18, 2010
Platinum Equity to Acquire American Commercial Lines
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct 18, 2010 -- American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company"), one of the largest and most diversified inland marine transportation and service companies in the United States, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity, in a transaction with an enterprise value of approximately $777 million. ACL's Board of Directors, acting on the unanimous recommendation of a Special Committe...
Read morePress Releases • October 13, 2010
Platinum Equity Portfolio Company Ranger Boats Announces Expansion: Company Will Invest $13 Million and Create 100+ Jobs
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest manufacturer of premium fiberglass fishing boats, today announced the expansion of its manufacturing facility in Flippin, Arkansas. The company will invest $13 million to retool, transition and expand its facilities, which will create more than 115 new jobs. The additional jobs will increase total employment at the manufacturing facility to approximately 540 people. "We're very fortunate to have a world-class manufacturing facility that's home to such wonderful employees and s...
Read morePress Releases • October 12, 2010
Ulticom Agrees to be Acquired by Platinum Equity
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. Shares held by Ulticom's controlling shareholder, Comverse Technology, Inc. ("Comverse") will be purchased by Platinum Equity’s affiliate pursuant to a separate share purchase agreement immediat...
Read morePress Releases • September 08, 2010
Platinum Equity Portfolio Company PEAK Technologies Leverages ITSmobile Solution to Extend SAP® Workflow Approvals to Sales and Executive Management Team via BlackBerry® Devices
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface. PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team members to review and approve sales quotations via SAP workflow from their fixed workstation. While the process met the requirements of the business, it did not allow for the review and approval of sales quotations from a mobile device while on th...
Read morePress Releases • September 02, 2010
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity...
Read morePress Releases • September 01, 2010
Platinum Equity and The Gores Group Acquire Alliance Entertainment from Source Interlink
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone Business LOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc. Financial terms of the transaction were not disclosed. Alliance Entertainment is the largest wholesale distributor of CD, DVD and videogame titles in the United States, providing distribution, fulfillment and other services to such retailers as Barnes & Noble, Borders, Amazon.com, Target.com and BestBuy.com. “The...
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