October 21, 2024

Platinum Equity Founder and CEO Tom Gores added to his sports portfolio with the acquisition of a 27 percent stake in the NFL’s L.A. Chargers earlier this month. The Los Angeles Times reports that Gores and his wife Holly bought Dea Spanos Berberian’s 24 percent ownership in the Chargers and one percent each from siblings
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February 15, 2023

Shortly before a news conference to announce a $2.5 billion investment in the city of Detroit, Platinum Equity CEO Tom Gores revealed to Crain’s Detroit Business that substantive “community development really focuses on the conditions in an environment for people to be successful.” The comments came shortly before a recent news conference in Detroit where
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April 5, 2021

Mr. Jackson Will Help Lead and Expand Reforms, Develop Community Partnerships and Advise Parent Company Platinum Equity on Business Strategy

February 12, 2021

Investors cite increasing need for IT services in retail, healthcare, hospitality and other sectors.

December 14, 2020

Beverly Hills-based Platinum Equity has announced plans to acquire Irvine-based Ingram Micro Inc. in a deal valued at $7.2 billion. The private equity giant will purchase Ingram — a major electronics distributor — from a subsidiary of Chinese aviation and shipping conglomerate HNA Group Co. Ltd. The deal is expected to close sometime in the first six months of 2021, according to Platinum Equity.

December 7, 2020

Preview Nesco entered into a definitive agreement to acquire Custom Truck One Source (CTOS) for a purchase price of $1.475 billion. Nesco and CTOS are providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service.

January 10, 2020

Beverly Hills-based private equity firm Platinum Equity has raised $10 billion for its latest flagship fund. The Platinum Equity Capital Partners V fund was oversubscribed, according to the company, surpassing its $8 billion target and hitting the $10 billion hard cap

June 24, 2019

Detroit Pistons Owner Tom Gores and Livonia, Mich.-based Schostak Brothers & Company today announced the formation of a joint venture to redevelop the Palace of Auburn Hills and its surrounding land.  Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies.