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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March 01, 2010
Platinum Portfolio Company Ranger Boats on Boating Magazine Top Ten List
Ranger Boats, an Arkansas based manufacturer of premium fiberglass fishing boats, is featured in the Boating Magazine annual feature of the best boats of the year. Hundreds of models were judged under stringent selection criteria with Ranger’s all-new Z521 Comanche earning the prestigious honor of placing on the Top Ten list. Platinum acquired Ranger Boats as part of its February 2010 acquisition of Genmar, a suite of recreational and fishing boat brands. The Z521 was recognized for its features that appeal to both competitive anglers and performance enthusiasts. Editors praised the spee...
Read morePress Releases • February 23, 2010
Platinum Equity to Combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions
Los Angeles, CA, Hebron, KY and Greenbelt, MD — February 23, 2010 — Platinum Equity announced today that it will combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions, Inc. (“OAOT”), creating a single global IT solutions provider with increased scale, broader reach and expanded service offerings. “Pomeroy and OAOT are both recognized industry leaders with unique and complementary product and service offerings,” said Jacob Kotzubei, the partner at Platinum that is leading the combined Pomeroy and OAOT investment. “This combination makes perfect sense and will create n...
Read moreFebruary 12, 2010
Platinum Equity Portfolio Company San Diego Union-Tribune Names New Editor
Platinum Equity portfolio company the San Diego Union-Tribune named Jeff Light to take the reins as the newspaper’s top editor. Light brings almost three decades of journalism experience to the Union-Tribune and is known for pushing newspapers toward online innovation. Before joining the Union-Tribune, Light was with The Orange County Register where he was Vice President of Interactive and oversaw the paper’s Web sites, which doubled in traffic and audience in the past two years. At the Union-Tribune, he will be Vice President and Editor. Union-Tribune President and Publisher Ed Moss...
Read morePress Releases • February 10, 2010
Platinum Portfolio Company Acument Global Technologies’ Saturn<sup>®</sup> Fasteners Operation Earns Silver Boeing Performance Excellence Award
BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acument Global Technologies, today announced it has received a 2009 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers achieving superior levels of performance. Saturn Fasteners, located in Burbank, Calif., received the award for the second consecutive year by maintaining a minimum Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2008, to Sept. 30, 2009. This year, Boeing r...
Read moreFebruary 03, 2010
BoatTEST.com Covers Platinum Equity's Purchase of Genmar
BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s acquisition of Genmar. BoatTEST commented on Platinum’s reputation for professionalism, integrity, and no non-sense operations. The Web site also framed Platinum as a welcomed, and much needed, addition to the boating industry. The acquisition included the Ranger, Stratos, Champion, Wellcraft, Four Winns, and Glastron boat brands; manufacturing facilities and related operations in Flippin, Ark., Cadillac, Mich., and Murfreesboro, Tenn.; and certain transportation equipment a...
Read morePress Releases • February 02, 2010
Platinum Equity Completes Acquisition of Genmar Assets
LOS ANGELES, CA -- (Marketwire - February 2, 2010) - Platinum Equity announced today that it has completed the acquisition of several boat brands and related assets from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The U.S. Bankruptcy Court for the District of Minnesota approved the transaction on January 13, 2010. The acquisition includes the Ranger, Stratos, Champion, Wellcraft, Four Winns and Glastron boat brands; manufacturing facilities and related operations in Flippin, Ark., Cadillac, Mich., and Murfreesboro, Tenn.; and certain...
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