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 • January 18, 2006
Platinum Equity Acquires Boyd Coddington Wheels; Hires Robert Swelgin to Lead American Racing
Investment firm continues building presence in automotive aftermarket LOS ANGELES (January 17, 2006) – Platinum Equity announced today that it has acquired Boyd Coddington specialty wheels from NRG Motorsports, Inc., a manufacturer and international distributor of automotive aftermarket parts and accessories. Platinum also announced an executive appointment involving its flagship company in the automotive aftermarket, naming Robert Swelgin as the new chief executive officer of American Racing Corporation, the industry leader in high-performance automotive wheels. The company was acquir...
Read morePress Releases • January 05, 2006
Platinum Equity Completes Sale of ACR Logistics to Kuehne + Nagel International
Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership LOS ANGELES (October 17, 2005) – Platinum Equity announced today that it has agreed to sell portfolio company ACR Logistics to Kuehne + Nagel International AG, one of world’s largest logistics companies. The agreement values ACR Logistics at nearly €500 million euros. The transaction, which is subject to regulatory approval, is expected to be completed in early 2006. “ACR Logistics has been an outstanding investment for Platinum Equity, and we are confident the company will contin...
Read morePress Releases • January 04, 2006
Platinum Equity Appoints CEO and CFO for its New Company, Turf Care Supply Corp.
Chief Executive Officer is William J. Milowitz; Chief Financial Officer is Richard C. Nihei LOS ANGELES (January 5, 2006) – Platinum Equity announced today that William J. Milowitz has been appointed as Chief Executive Officer and Richard C. Nihei has been appointed Chief Financial Officer of Turf Care Supply Corp., the firm’s newly created manufacturer and distributor of professional turf care products and supplies. Turf Care Supply was established by Platinum Equity in October 2005, following the acquisition of substantially all of the supply chain and distribution assets of LESCO ...
Read morePress Releases • January 03, 2006
Platinum Equity's Matrix Telecom Completes Acquisition of Global Crossing's Small Business Group
Transaction Includes Long-term Carrier Services Agreement LOS ANGELES (January 3, 2006) – Platinum Equity announced today that its portfolio company Matrix Telecom, Inc. has completed the acquisition of Global Crossing’s Small Business Group (SBG), which provides voice and data products to small- and medium-sized enterprise customers in the United States. In addition, Global Crossing and Matrix announced they have executed a long-term carrier services agreement under which Global Crossing will provide a full suite of voice, data and IP services to Matrix and its customers. SBG’s cu...
Read morePress Releases • January 03, 2006
Platinum Equity Names Ross Young as Peak Technologies President and CEO
LOS ANGELES (January 4, 2005) – Platinum Equity announced today that senior executive Ross Young has been appointed president and CEO of Platinum company PEAK Technologies, an international provider of automated identification and data collection systems and enterprise mobility solutions. Platinum completed the acquisition of PEAK Technologies on December 22, 2005. Young most recently served as vice president of portfolio operations for Platinum Equity, a position he held for the past four years. During this time, Young assumed senior leadership roles with newly acquired companies, guided...
Read morePress Releases • December 28, 2005
Platinum Equity Completes Acquisition of Peak Technologies
LOS ANGELES (December 23, 2005) – Platinum Equity announced today that it has completed the acquisition of PEAK Technologies, an international provider of automated identification and data collection (AIDC) systems and enterprise mobility solutions, from R. R. Donnelley & Sons Company. The transaction was announced on October 21, 2005. PEAK Technologies, based in Columbia, MD, designs and implements data collection and printing solutions for warehousing, manufacturing, distribution and field-based operations. From printing and bar code data collection products to complete tu...
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