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.
December 7, 2020
Platinum Equity CEO Tom Gores on $1.5B investment in pact: ‘This is a powerful team of investors’
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
Founder Tom Gores: Platinum Equity announcement of $10B megafund signals ‘great momentum’
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
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.