News Category: 'BUSINESS'

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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