News

December 21, 2020 | Philanthropy

It is an annual occurrence in NBA markets. Shortly after the draft, a news conference is held to introduce the young prospects to local media. The front office’s top talent evaluator and the head coach explain the reasoning behind the selections and why this collection of talent will ultimately lead to winning games.

December 15, 2020 | Philanthropy

Detroit Pistons owner Tom Gores and Toys for Tots teamed up to provide 200 gifts for families in Flint and surrounding neighborhoods at Toys for Tots Headquarters, 4425 Saginaw St., on Monday, Dec. 14.

December 14, 2020 | Business

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 11, 2020 | Philanthropy

Tom Gores’ charitable donations to SAY Detroit have become an annual occurrence. Earlier this week, the Detroit Pistons owner found a creative way to spur the spirit of giving in children. Gores called the Detroit non-profit’s annual radiothon Thursday evening and pledged $350,000 during the event for the charity providing assistance to the city’s neediest residents, needs that have been exacerbated during the COVID-19 pandemic.

December 7, 2020 | Business

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.