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Platinum Equity was founded in 1995 by Tom Gores. The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. After purchasing it for $200,000, Platinum Equity focused on serving existing customers and returning the company to profitability. [2]
Tom Gores (born Tewfiq Georgious, [2] Arabic: توفيق جورجيوس; July 31, 1964) [3] is an American billionaire businessman. He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California.
Beverly Hills, California-based Platinum Equity acquired Ingram in 2021 from a unit of Chinese aviation and shipping conglomerate HNA Group in a $7.2 billion deal. Founded in 1979, Ingram partners ...
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Private equity firm Platinum Equity’s US$2.1 billion (£1.4 billion)offer to acquire blood glucose monitoring systems maker LifeScan, Inc from US health care products company Johnson & Johnson ...
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Electro Rent was founded in 1965. [2]In 2010, Electro Rent LLC paid approximately $26.7 million in cash to acquire privately-held Telogy, a competitor that filed for bankruptcy protection earlier that year and was at that time based in Union City, California.
Platinum Equity founder and chairman Tom Gores (Courtesy of Platinum Equity) Platinum Equity started 2020 with a fundraising bang. The firm announced on Tuesday the close of its fifth flagship ...