News Category: 'BUSINESS'

February 15, 2023

Platinum Equity CEO Tom Gores to Crain’s Detroit: Our development efforts ‘based on a lot of collaboration’

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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December 14, 2020

Platinum Equity CEO Tom Gores: ‘Ingram Micro is a powerful platform with multiple ways to grow’

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.

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June 24, 2019

Platinum Equity CEO Tom Gores announces redevelopment deal for Palace of Auburn Hills site

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.

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