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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June 25, 2009
Platinum Equity Portfolio Company Maxim Acquires Barnhart Crane and Rigging Assets
Amid calls by industry and government for more infrastructure projects, Platinum portfolio company Maxim Crane Works LP purchased the assets of Barnhart Crane and Rigging. Maxim specializes in the rental and sales of lift equipment including hydraulic truck cranes, rough terrain cranes, crawler cranes, tower cranes, conventional truck cranes, and boom trucks. The acquisition added to Maxim’s expansion of its fleet of 230- to 300-ton sized crawlers. It also represented Maxim’s increased leadership role in a consolidating industry. Platinum acquired Maxim in July 2008 in a public-to-pr...
Read moreJune 16, 2009
Platinum Equity Buys Wire Harness Business From Alcoa
Platinum bought Alcoa’s wire harness and electrical distribution business in June 2009; Alcoa put the division up for sale in January 2009. The business was the largest component of Alcoa’s electrical and electronic solutions division, with over 17,000 employees and a presence in 13 countries across the globe. Platinum bought Alcoa’s wire harness and electrical distribution business in June 2009; Alcoa put the division up for sale in January 2009. Full story at altassets.com......
Read morePress Releases • June 15, 2009
Platinum Completes Acquisition of Wire Harness and Electrical Distribution Business from Alcoa
LOS ANGELES, CA (June 15, 2009) – Platinum Equity today announced it has completed the acquisition of the wire harness and electrical distribution business of Alcoa (NYSE:AA). Financial terms of the acquisition were not disclosed. The transaction was first announced on April 30. The wire harness and electrical distribution business is the largest piece of Alcoa’s Electrical and Electronic Solutions division, and its customers include major domestic and international automotive original equipment manufacturers and tier-one suppliers. “Closing this transaction with Alcoa is a signifi...
Read morePress Releases • May 04, 2009
Platinum Equity Completes Acquisition of San Diego Union-Tribune
BEVERLY HILLS, CA – May 4, 2009 – Platinum Equity announced today that it has completed the acquisition of San Diego’s leading daily newspaper, The San Diego Union-Tribune, from The Copley Press Inc. The transaction was previously announced on March 18. Platinum also announced the appointment of Paul Bridwell as the Union-Tribune’s Chief Restructuring Officer. Pending the appointment of a permanent publisher, Mr. Bridwell will be the senior executive at the newspaper, responsible for day-to-day operations and long-term strategic planning. Louis Samson, the Platinum Equity princip...
Read morePress Releases • April 30, 2009
Platinum Equity Acquires Canvas Systems LLC
LOS ANGELES, CA (April 30, 2009) – Platinum Equity announced today that it has acquired a majority stake in Canvas Systems LLC, a global supplier of used and refurbished enterprise-class IT equipment and services. Platinum acquired the controlling interest from OHC, LLC, an Atlanta-based company that also owns global IT consulting group Corus360. OHC will maintain a minority interest in Canvas. Terms of the transaction were not disclosed. “Canvas is a growing business with talented people and a compelling value proposition,” said Jacob Kotzubei, partner at Platinum who oversaw the ...
Read morePress Releases • April 20, 2009
Platinum Equity to Acquire Wire Harness and Electrical Distribution Business from Alcoa
Signing Comes as Platinum Announces Separate Acquisition of Canvas Systems LLC LOS ANGELES, CA (April 30, 2009) – Platinum Equity today announced that it has signed a definitive agreement to purchase the wire harness and electrical distribution business of Alcoa (NYSE:AA). Financial terms of the acquisition were not disclosed. The transaction is expected to be completed by the end of the second quarter of 2009. Separately, Platinum also announced today that it has acquired a majority stake in Canvas Systems LLC, a global supplier of used and refurbished enterprise-class IT equipment an...
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