News

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.

October 2, 2020 | Philanthropy

With the COVID-19 crisis still ongoing, voters need safe options for the upcoming election. The Detroit Pistons continue to assist those efforts. Last month, on the first day of early voting in Michigan, Secretary of State Jocelyn Benson, Detroit City Clerk Janice Winfrey and Pistons vice chairman Arn Tellem unveiled a voting drop box that sits just outside the Henry Ford Pistons Performance Center.

August 27, 2020 | Philanthropy

The 10th Anniversary of the Jalen Rose Leadership Academy (JRLA) Celebrity Golf Classic was held on August 24 in Detroit. The weekend was hosted by NBA Star and current ABC/ESPN Analyst, Jalen Rose, and many of his celebrity friends to benefit the open enrollment, public charter high school he founded in his hometown of Detroit.