Tom Gores News, Articles, and Updates

FILED UNDER: Acquisitions, News, Portfolio Company

Platinum Equity Completes Acquisition of DMS Health Technologies

March 1, 2012

Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers. Read More »
“People around here could smile again, they weren't so nervous all the time. There is a very positive feeling here again.”
Schutt Sports: Business Booming for Once-Troubled Company »

FILED UNDER: Articles, News, Portfolio Company

Joe D: New Owner ‘Absolutely Great’

February 22, 2012

NBA.com reports on Joe Dumars' positive attitude about the Pistons' new ownership and Tom Gores' approach to rebuilding the team. Read More »

FILED UNDER: News, Portfolio Company

Platinum Equity Company Truesense Imaging Announces New Name as an Independent Operation

February 7, 2012

Truesense Imaging, formerly Image Sensor Solutions (ISS) division of Eastman Kodak Company, was acquired by Platinum Equity in November of 2011, and has since been integrated into the Platinum Equity portfolio as an independent company, operating under new corporate identity. Read More »

FILED UNDER: Dealmaking, News, Portfolio Company

Platinum Equity to Acquire DMS Health Care Technologies

February 6, 2012

Platinum Equity will be acquiring DMS Health Technologies, a company with a great reputation in regards to medical diagnostic imaging solutions, including MRIs, CTs, and PETs/CTs. The acquisition of DMS is seen as a good fit for Platinum Equity given the firm's experience in creating divestiture solutions for corporate parent companies. Read More »

FILED UNDER: Dealmaking, News, Portfolio Company

Platinum Equity Completes Sale of 3B

February 1, 2012

Platinum Equity has completed the sale of another of its portfolio companies, 3B - The Fiberglass Company. Platinum purchased 3B from Owens Corning in 2008. Platinum worked closely with 3B to build its company with new management, more developed brand identity, and more efficiency. Platinum Equity sold 3B to Binai Industries, confident that it was ready to function on its own under new ownership. Read More »

FILED UNDER: Dealmaking, News, Portfolio Company

Platinum Equity Sells Canvas Systems to Avnet

January 31, 2012

Platinum Equity has completed sale of Canvas Systems, an independent supplier of IT hardware and services. Canvas was a Platinum portfolio company since 2009 and was steadily built up and brought to an operationally sound level as to function and prosper as an independent company under new ownership. Read More »

FILED UNDER: Articles, Portfolio Company

Platinum Equity Company Schutt Sports Becomes First Million-Dollar Corporate Sponsor of Elite Football League of India

January 4, 2012

Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, has become the first million-dollar corporate sponsor of the Elite Football League of India (EFLI). Read More »

FILED UNDER: News, Portfolio Company

Platinum Equity Company Schutt Sports Features New Youth Helmet Designs, Provides Education at Pop Warner Super Bowl

December 5, 2011

Youth football players across the country are receiving NFL-level protection during this week’s Pop Warner Super Bowl games at the ESPN Wide World of Sports – thanks to Schutt Sports, the official helmet and reconditioner of Pop Warner Football. The athletes are wearing youth versions of the Schutt AiR XP and DNA Pro+, Read More »

FILED UNDER: News, Portfolio Company

Platinum Equity Completes Sale of The San Diego Union-Tribune

December 5, 2011

Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. Read More »

FILED UNDER: Articles, News, Portfolio Company

Platinum Equity Company Ryerson Announces New Long Products Service Center in Houston

November 30, 2011

Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is opening a new service center in Northwest Houston. Read More »