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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 ...
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 ...
(Bloomberg) -- Five private equity companies invested in prison services -- BlueMountain Capital Management LLC, H.I.G. Capital LLC, American Securities, Apax Partners SAS, and Platinum Equity LLC ...
In the context of a merger or acquisition transaction, asset purchase agreements have a distinct set of advantages and disadvantages compared to using an equity (or stock) purchase agreement or a merger agreement. In an equity or merger acquisition, the purchaser is guaranteed to receive all of the target's assets without exception, but also ...
U.S. buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc's government consulting business, competing against rival contractor Amentum, according to people ...
For a time after 2016 it was owned by Platinum Equity until it became listed on Nasdaq in 2018. In February 2022 the company merged with Amentum Government Services Holdings LLC and its stock was delisted from Nasdaq. [6] PAE is a major supplier of services to the U.S. Department of State.