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Press 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...
Read moreFebruary 02, 2010
Platinum Equity Finds Safe Harbor in Ranger Boats
As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation's largest manufacturer of premium fiberglass fishing boats. Ranger embraced the new ownership and emphasized its full support of Platinum. The boating company will benefit from a new capital structure and will maintain focus on building the highest quality fishing boats in the industry. Ranger entered 2010 with the strongest boat lineup in its 40-plus year history and was heralded by industry leaders for its aggressive development of new models. Full stor...
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