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Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. The purchase price, together with the $181 million in accumulated profits, represented 27 times Platinum’s original investment of $17.5 million just two years earlier. [ 31 ]
He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California. In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion. [4]
After Moses George died in 1947, his sons Alex and Lee took over the business, along with daughter Josephine. The name changed to Merchants Distributors Inc. or MDI in 1956. By 1960, MDI had over 130 employees and supplied 400 grocery stores within 150 miles.
Anglo American plc is a British multinational mining company with headquarters in London, England.It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal.
Rome is a city in Oneida County, New York, United States, located in the central part of the state.The population was 32,127 at the 2020 census. [2] Rome is one of two principal cities in the Utica–Rome Metropolitan Statistical Area, which lies in the "Leatherstocking Country" made famous by James Fenimore Cooper's Leatherstocking Tales, set in frontier days before the American Revolutionary ...
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company.As of December 31, 2023, the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value.