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Platinum Equity

 
Hoover's Profile: Platinum Equity, LLC
Contact Information
Platinum Equity, LLC
360 N. Crescent Dr., South Bldg.
Beverly Hills, CA 90210
CA Tel. 310-712-1850
Fax 310-712-1848

Type: Private
On the web: http://www.platinumequity.com
Employees: 60,000
Employee growth: 20.0%

Platinum Equity thinks the companies it buys are just precious. The investment firm typically seeks to acquire units that large corporations are looking to divest; these companies usually have established brands and customer bases, and most importantly, recurring revenues. Platinum Equity also looks for acquisitions as strategic add-ons to its portfolio companies, which have operations worldwide. It focuses on such sectors as manufacturing, distribution, and communications. Founder and CEO Tom Gores, who started Platinum Equity in 1995, is the brother of Alec Gores, who founded another investment firm, Gores Technology Group. The company has made more than 80 acquisitions since its founding.

Key numbers for fiscal year ending December, 2008:
Sales: $27,500.0M
One year growth: 103.7%

Officers:
Chairman and CEO: Tom T. Gores
Partner: Philip Norment
Partner: David M. Anglin

Competitors:
Apollo Advisors
CD&R
KKR

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Wikipedia: Platinum Equity
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Platinum Equity
Type Limited liability company
Founded 1995
Headquarters Flag of the United States.svg Beverly Hills, California
Key people Tom Gores, Chairman & CEO
Industry Private Equity
Products Investments, private equity funds
Total assets $24+ billion [1]
Website www.platinumequity.com

Platinum Equity is a private equity investment firm focusing on leveraged buyout investments in US middle-market companies.

It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California. Forbes magazine ranked it number 19 on its 2008 list of the largest private companies in the United States. [2]

The firm has a diversified capital base that includes the assets of its portfolio companies, and capital commitments from institutional investors in the firm's private equity fund vehicles, Platinum Equity Capital Partners and Platinum Equity Capital Partners II.

Institutional investors in the fund vehicles include a diverse cross section of public and private pension funds, insurance companies, endowments and family offices in North America, Europe and Japan.

The firm has regional offices in Boston, New York, and London.

Investments

Since 1995, Platinum Equity has acquired nearly 100 businesses across a broad array of business markets, including information technology, telecommunications, logistics, chemical manufacturing, steel and metals services, industrial fastening systems and automotive aftermarket products. Those acquisitions represent more than $27.5 billion in aggregate annual revenue at the time of acquisition.

  • 3B The Fibreglass Company
  • Acument Global Technologies
  • Advogent
  • AEES Power Systems
  • Altura Communication Solutions
  • American Racing Equipment
  • Americatel Corporation
  • Broadleaf Logistics Company
  • Covad Communications Group, Inc.
  • Data2Logistics
  • DAUM Commercial Real Estate Services
  • DCA Services
  • DyStar
  • Geesink Norba
  • iET Solutions
  • International Offshore Services
  • Matrix Business Technologies
  • NextiraOne Mexico
  • PEAK Technologies
  • PNA Group, Inc.
  • Ryerson, Inc.
  • San Diego Union-Tribune
  • SCM Metal Products, Inc.
  • Strategic Distribution, Inc.
  • Turf Care Supply Corp.
  • USRobotics
  • Vanguard Networks
  • WFI's Deployment Business
  • Wheel Pros, Inc.

External links

References


 
 
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