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 • September 01, 2010
MegaPath, Covad, Speakeasy Merger Closes
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Services SAN JOSE, Calif.– (BUSINESS WIRE)--MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 business customers and over 4,500 partners throughout North America. The combined company will be called MegaPath and will operate one of the largest end-to-end facilities-based IP communications n...
Read morePress Releases • August 18, 2010
Platinum Equity Portfolio Brand Glastron Boats Launches 2011 Models from New Facility
Boat builder hosts dealers at Open House event in new facility Cadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 2011 model year line up for Glastron Boats, with an Open House event conducted at the new manufacturing facility in Cadillac, Michigan. Dealers from all over North America and International markets attended the series of business meetings with opportunities to meet with the new management team, new plant familiarization tours and introductions to new sales and marketing programs. Along with the transition of production to the new Cadillac, M...
Read morePress Releases • August 03, 2010
Excel Telecommunications Acquisition Closed by Platinum Equity Portfolio Company Matrix Telecom
DALLAS – August 3, 2010 - Matrix Telecom Inc. ("Matrix"), a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, today announced it has completed the acquisition of substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating as Excel Telecommunications ("Excel") from Denham Capital. Financial terms of the transaction were not disclosed. "We are committed to making Matrix the highest-quality, most affordable choice for wholesale voice services in t...
Read morePress Releases • August 03, 2010
Platinum Equity Portfolio Company Acument Completes Divestiture of Avdel and GEC Units
LOS ANGELES, CA--(Marketwire - August 3, 2010) - Platinum Equity today announced that Acument Global Technologies has completed the sale of Acument's Avdel and Global Electronics & Commercial (GEC) business units to Asia Trading Company Limited, a company owned indirectly by funds advised by CVC Asia Pacific and Standard Chartered Private Equity Limited (SCPEL). Terms of the divestiture were not disclosed. Avdel manufactures and markets blind fasteners (rivets) for customers around the world. Avdel is based in London with operations, sales and distribution capabilities in the UK, US, C...
Read morePress Releases • July 29, 2010
Triton Boats Acquired from Brunswick by Platinum Equity Portfolio Company Fishing Holdings
FLIPPIN, Ark. (July 29, 2010) – Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishing boats owned by an affiliate of Platinum Equity, announces its acquisition of Triton Boats from Brunswick Corporation. Terms of the transaction are not disclosed.Triton founder Earl Bentz will join Fishing Holdings and resume his role at the helm of Triton Boats. Additionally, several key members of Triton's executive management and sales representative group will remain on board the Triton team and will continue to lead the brand from their Tennessee office."This move cr...
Read morePress Releases • July 12, 2010
Platinum Equity Portfolio Company Ryerson Completes Buyout of China Joint Venture
CHICAGO, July 12 -- Ryerson Holding Corporation ("Ryerson"), a leading distributor and processor of metals in North America, today announced that via its subsidiaries it has acquired Van Shung Chong Holdings' ("VSC") 20 percent stake in Ryerson China Limited, a joint venture between Ryerson and VSC formed in 2006. Ryerson China Limited is now a wholly-owned Ryerson subsidiary. Terms of the transaction were not disclosed."Increasing our investment and acquiring the joint venture outright reflects our commitment and confidence in the Chinese market," said Frank Munoz, President of Ryerson China....
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