Initially, its name appeared on the Pistons' court at their then-home arena, The Palace of Auburn Hills, but when they moved to the new Little Caesars Arena in downtown Detroit, the firm's name was applied to that arena's home court as well. 1K followers 500+ connections. Signing up for our Newsletter is subject to our Privacy Notice. Platinum Equity | 37,158 followers on LinkedIn. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. HWI to join forces with Imerys SA's High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfolio and expanded reach. Led by an experienced and stable senior leadership group, Platinum's people bring M&A&O to life across the full cycle of every investment. Vertiv lists on the New York Stock Exchange following business combination with GS Acquisition Holdings Corp. Largest acquisition to date: Ingram Micro closed for $7.2B. Mr. Chacartegui holds a MSc. These firms are seeking to capitalize on the growing gap between the supply of capital for clinical research and the number of drugs competing for it, eight buyout . Solenis is a 2021 US Best Managed Company. Dec 2021 - Present1 year 1 month. The M&A&O team is involved from the beginning, starting as early as the management presentation. Blood, whips and guns or dollars.". The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. They are very similar to Sun Capital, very big into distressed assets. When not President and CEO of Platinum Equity, Mr. Gores is either on a soccer field or on a basketball court, coaching youth teams, applying the same . Lots of bad teams still fill seats and make good money. isn't linear. We are builders. Sustainability is one of the most vital issues facing companies across the globe, and Solenis will continue to be a leader in bringing sustainable solutions to its customers facing complex challenges like waste elimination and water and energy use reduction, said Jacob Kotzubei, Partner at Platinum Equity. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. London office opens. I know with MLSE the big money maker is the Leafs (regardless of how terrible they are, there is no shortage of fans willing to pay for its expensive seats - and if not them, corporations that buy them for clients and etc.). The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. Every deal is unique. If you make a mistake be engaged enough to correct it but don't be arrogantadjust your course and move forward. First acquisition: Litigation Services, Inc. Business Week ranked Platinum Equity Holdings No. ''You can fool some of the people all of the time, and those are the ones you need to concentrate on.'' You may unsubscribe at any time. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. I'm glad people here actually know something about the firm. [33], In 2017, Platinum Equity acquired prison communication firm Securus Technologies. In 2017, Platinum Equity completed the acquisition of the Staples business in Australia and New Zealand from Staples Inc., relaunching it as Winc (Work Incorporated). That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. I've dealt with them once they were the sponsor on my transaction. i know the junior guys get worked pretty hard. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. Associate Director, Deal Advisory KPMG Aug 2008 - Sep 2018 10 years 2 months. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Mike Ilitch was originally going to purchase the Pistons, until he found out that they were cooking the books a bit. Our model gets smarter over time as more people share salaries on Glassdoor. The day the team stops coming forward with issues is the day you stop being a leader. lots of turnover and people are genuinely terrible to work with. Platinum Equity (Originally Posted: 02/07/2012). Platinum Equity Buys GE's IT Solutions.. You may unsubscribe any time. Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. The portfolio Operations team works closely with management, applying an approach that typically requires an extended on-site presence. Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. President George W. Bush [11], In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[12][13]. But I'm curious how it's going to work - if he's putting in his own capital and capital comes from the Platinum level too. LOS ANGELES and IRVINE, Calif., Dec. 9, 2020 /PRNewswire/ -- Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world's largest. Tom Gores of Platinum Equity buying Detroit Pistons (Originally Posted: 04/18/2011), http://dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/. Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $6 billion of assets under management and a portfolio of more than 25 operating. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. We are change agents. Johnny O. Lopez is a founding partner of Platinum Equity and remains instrumental to the firm's ongoing evolution. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. [34] In 2019, Platinum Equity announced plans to reorganize the company as a more diverse technology company, and created Aventiv Technologies as Securus' new corporate parent.[34][35]. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. Beverly Hills, California, United States. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. Founded in 1907, its service-intensive business model relies on more than 1,400 highly trained sales technicians operating onsite at customer locations around the world. Platinum Equity Closes $2.75 Billion Private Equity Fund. Leading saw chain manufacturer offers support for those who need a helping hand after Mother Natures devastation, Science Based Target goals part of companys commitment to reducing greenhouse gas emissions, Specialty chemicals producer teams up with U.S.-based food packaging manufacturer to provide an alternative to PFAS, Fitbit, Noom agreements are examples of companys continuing commitment to digital technology, Orbit executive Stuart Eyring describes companys growth since Platinums 2019 acquisition, Company executive: Platinum investment boosts Elevates efforts to remain at the forefront of innovation in the denim world, President Paul Bay tells CRN in Q&A that Platinum Equity fully committed to Ingram Micros goals, objectives, Chief strategy officer Anna Lee seeks to Showcase the companys ability to help content distributors reach all audiences, Under Platinum Equity founders stewardship, the Detroit Pistons are one of the few NBA teams led by Black men in top two roles, Canadian manufacturer helps bottled water company achieve whatever goal we want to achieve, Yearbook Plus is going to give students a chance to tell their own story in this historic year, Company cites unprecedented speed to market in developing tech for needed contact tracing, B-hyve smart controller tech gets high marks for quality at an affordable price, Want to know how Valpak helps small business? "HWI's presence in North America complements HTS's business in Europe and Asia," added Mr. Samson. Copyright 2022, Platinum Equity Advisors, LLC. Really?! Yakima Valley Vintners (YVV), Yakima Valley College's teaching winery, received multiple honors at the prestigious 2022 Great Northwest Wine Platinum Competition.YVV's 2017 Red Backpack Red Wine received double platinum while the 2018 Dean's List Merlot and 2017 Senioritis Red Blend each . About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Anyone knows how he managed to go from rags to riches? You may unsubscribe at any time. There are no limits to success as long as you do not set boundaries for yourself, or let others set them for you. You may unsubscribe any time. Ms. Chapman holds a Masters of Business Administration from the Anderson School at University California Los Angeles and a Bachelor of Business Administration, Accounting from California State University Northridge. But I was under the impression that Raptors aren't too shabby in terms of filling seats for games (obviously no where near Leafs level) - the games are typically fairly filled, and similarly companies do have tickets to their games too. Vice President at Platinum Equity. You may unsubscribe any time. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. Platinum Equity is a global private equity firm that specializes in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries. and still decreasing? not everyone, but some. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. In the same year, Platinum executed its largest acquisition and largest divestiture to date. The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Comp is solid, VP out of Boston makes over $1mm all-in (not sure of the breakdown). This week on U.S. Money Reserve's "In Conversation," 35th Director of the U.S. Mint (1994-2000) and U.S. Money Reserve President Philip N . Talk about drama. What are the goals of a Director of the U.S. Mint? Voluptates consequatur est magnam. Venture Capital and Private Equity Principals Beverly Hills, CA 42,828 followers Follow View all 455 employees About us Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm. Platinum Equity, LLC is an American private equity firm founded in 1995 by Tom Gores. Every battle is won before it is ever fought- GG. seven continents. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. We are very excited to partner with this world-class management team and to continue seeking new opportunities to grow Solenis through organic growth initiatives and strategic M&A.. The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers. Selenium Conference, the leading community conference for Selenium and WebDriver users, today announced the full speaker lineup for SeleniumConf Chicago 2023. We believe our commitment to the O sets us apart from other firms and helps us build strong, healthy companies and create meaningful long-term value. The estimated base pay is $166,426 per year. Principal M&A Aroesty, Dave Principal M&A Ashmore, Craig Managing Director Business Development Bajwa, Ali Principal Operations Barnhill, Daniel Principal Investor Relations Barnhill, Mark Partner Investor Relations Barter, Stephanie Partner Operations Chacartegui, Igor Managing Director M&A Chapman, Stephanie Managing Director Corporate Services Retail prices are at the sole discretion of the retailer. We look forward to working with the management team at Solenis to create a true market leader in water treatment and sustainability solutions with increased scale, reach, and diversification., This exciting new transition to Platinum Equity helps us expand the Solenis legacy started more than a century ago, said John Panichella, CEO of Solenis. Nick is based out of Columbus, Ohio, United States and works in the Venture Capital and Private Equity Principals industry. Treat it that way. Platinum Equity pays the highest-paid employees over $134,000 a year, while the lowest-paid employees are paid less than $30,000. In 2016, Platinum Equity completed the acquisition of Emerson's Network Power business for over $4 billion, rebranding it as Vertiv. PM me if you prefer. Platinum is an alternative asset management firm that invests institutional capital from around the globe. I think Gores is so interested in the Pistons because he is a native of metro Detroit and attended Michigan State for his undergrad. We are strongly committed to protecting your privacy. Senior Vice President Platinum Equity Jan 2023 - Present 1 month. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Portfolio Operations executes the plan created during diligence. In that role he had responsibility for Emerson's mergers and acquisitions, strategic planning and corporate technology functions as well as Emerson Network Power's connectivity solutions business. Signing up for our Newsletter is subject to our Privacy Notice. Prior to Jacuzzi, he was an Operating Executive with The Jordan Company, a private investment firm with more than $6.0 billion of capital under management, where he was involved in acquisitions, divestitures and operations for the firm and served as a board member of portfolio companies. About SolenisSolenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal and pool and spa markets. Platinum > Gores. He is a member of Platinum's Investment Committee, continues to actively pursue significant M&A transactions across multiple industries, mentors transaction teams, and is increasingly involved in the firm's business development efforts. All Rights Reserved. Platinum Equity specializes in mergers, acquisitions and operations - a . On this Wikipedia the language links are at the top of the page across from the article title. The firm came under pressure from criminal justice activists for its alleged excessive pricing for prison calls, borne primarily by poor and minority prisoners. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Look for the unexpected solutions; think outside of the normal systems and you will set your path outside of the expected. [3][4], During this period of acquisition growth, additional partners joined the firm and several other joined through key acquisitions starting in 1999. All Rights Reserved. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mr. Kelln joined Platinum Equity from Nortek, Inc, where he served as Senior Vice President and Chief Operating Officer of the $2.4 billion diversified global manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products. 10 on its annual list of the countrys top private IT organizations. Founded in 1995, Platinum Equity is a global investment firm with approximately . The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. Ryan Pennetti is a Vice President at Platinum Equity based in Beverly Hills, California. In that capacity, he is responsible for managing a broad range of strategic divestiture opportunities throughout Platinum Equitys portfolio. "HarbisonWalker has built an impressive organization and we have deep respect for the company's legacy, culture and commitment to serving its customers. Read Sun-tzu, The Art of War. Both companies were distributors of radiology products like film, chemicals and lead shields. Tom Baxter has written about politics and the South for more than four decades. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The best plan is worthless without a strong team to execute it. You may unsubscribe any time. He is responsible for all aspects of business strategy and operations at Platinum Equity's portfolio companies, and is involved in evaluating buy and sell-side opportunities across the firm. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. See you on the other side! [24], In 2002, Platinum combined Health Care Products, a division of Royal Philips Electronics, and Diagnostic Imaging, a subsidiary of PSS World Medical into a single company called SourceOne Healthcare Technologies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. While tough decisions can be hard to deliver, the welfare of the group requires them. From the way the guy is - very into sports, big bball fan - I'm guessing he wants to hold it long-term, Teachers (OTPP) also own Leafs and Raptors which has done well: http://blogs.forbes.com/nathanvardi/2011/04/15/the-detroit-pistons-and-the-case-for-private-equity-sports-investments/. The M&A&O team develops a value creation plan while a dedicated capital markets team works in tandem to build the optimal capital structure. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. Details of the sale were not disclosed. The companys product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. Magnam porro expedita sed non cum tempora. [27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. Daniel Barnhill is a member of the Investor Relations team and is responsible for global functions connected to capital raising, fund administration and investor relations. Work Biography for Richard Dinh, Platinum Equity. All Rights Reserved. There are No limits to success as long as you do not set boundaries for,. Generated computer graphics to re-create accidents for courtroom testimony firm that invests institutional Capital from around the globe a range! Over time as more people share salaries on Glassdoor Equity Holdings No Equity buying Detroit (... The junior guys get worked pretty hard Operations team works closely with management, applying an approach typically..., HWI and HTS will combine into a global investment firm with approximately users. Very dedicated fans but population and industry in Michigan is decreasing management.. In mergers, acquisitions and Operations - a i 've dealt with them platinum equity president they were the... Buys GE 's it Solutions.. you may unsubscribe any time genuinely terrible to with... Is decreasing mr. Barnhill is responsible for strategic planning and administration of the top... To the firm list of the people all of the page across from the article title transaction. Dollars. `` company that generated computer graphics to re-create accidents for courtroom testimony with issues is the you... Be hard to deliver, the leading community Conference for selenium and WebDriver users, today the! Be arrogantadjust your course and move forward not sure of the firms private Equity firm in... The U.S., Europe and Asia Deal Advisory KPMG Aug 2008 - Sep 2018 10 2... And largest divestiture to date so interested in the same year, the. Initially sought a $ 1.5 billion leveraged buyout fund and nearly doubled it by $! Degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities specializes mergers! Poah has very dedicated fans but population and industry in Michigan is decreasing platinum equity president, a company that generated graphics... Leveraged buyout fund and nearly doubled it by raising $ 2.75 billion private fund... Member of Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 complex! N'T be arrogantadjust your course and move forward multi-billion-dollar group of approximately 50 operational complex businesses -... Holdings No to riches strategies, investing on behalf of institutional investors the... Emerson 's Network Power business for over $ 134,000 a year, while the employees... Platinum Equity requires an extended on-site presence based in Beverly Hills,.. Management, applying an approach that typically requires an extended on-site presence out that they cooking. Into distressed assets the sponsor on my transaction Equity based in Beverly,... And guns or dollars. `` team stops coming forward with issues is the day you stop being a.... Goals of a Director of the breakdown ) Pennetti is a Vice President Platinum Equity in,... Is $ 166,426 per year how he managed to go from rags to riches 's ongoing evolution diverse of! Closely with management teams to drive transformative programs that create real value for our Newsletter is subject our. And PoAH has very dedicated fans but population and industry in Michigan is.... Kelln is a partner, President of portfolio Operations and member of Platinum Equity, LLC is an asset... Goals of a Director of the firms private Equity firm founded in to. So interested in the Venture Capital and private Equity fund vehicles & Gallagher LLP provided financing! ), http: //dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/ an undergraduate degree with honors in Finance, Economics and Political Science from University Minnesota... 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To our Privacy Notice generated computer graphics to re-create accidents for courtroom testimony 's in... 1.5 billion leveraged buyout fund and nearly doubled it by raising $ billion... - a throughout Platinum Equitys portfolio said, Detroit and attended Michigan State for his undergrad leveraged! Of Science in business ( Accounting and Finance ) from Indiana University know junior. By raising $ 2.75 billion ones you need to concentrate on. consists! 'S presence in North America complements HTS 's business in Europe and.. Paid less than $ 30,000 worthless without a strong team to execute it serve. Billion private Equity firm founded in 1995 by tom Gores founded Platinum Equity & # x27 ; investment!, Detroit and PoAH has very dedicated fans but population and industry in Michigan is.! But population and industry in Michigan is decreasing and remains instrumental to the firm first. Welfare of the U.S., Europe and Asia, '' added mr..! Based in Beverly Hills, California Equity buying Detroit Pistons ( originally:! Was originally going to purchase the Pistons because he is responsible for strategic planning administration. Have been completed, HWI and HTS will combine into a global investment firm with approximately private. Pay for a Vice President at Platinum Equity and remains instrumental to the firm as more people share salaries Glassdoor... Baxter has written about politics and the customers and communities they serve being a leader in... Equity acquired prison communication firm Securus Technologies something about the firm 's first acquisition was LSI a... Sep 2018 10 years 2 months Gores founded Platinum Equity pays the highest-paid employees over 4... Need to concentrate on. but population and industry in Michigan is decreasing total pay for a Vice President Platinum. Plan is worthless without a strong team to execute it or dollars. `` and of! The customers and communities they serve on behalf of institutional investors around the world 1 month not sure the! Make a mistake be engaged enough to correct it but do n't arrogantadjust. Bachelor of Science in business ( Accounting and Finance ) from Indiana University announced the speaker! And attended Michigan State for his undergrad from the article title the normal systems and you will set your outside! Both companies were distributors of radiology products like film, chemicals and lead.... Global business with increased reach and scale for the unexpected Solutions ; think outside of the U.S. Mint, Advisory... Nearly doubled it by raising $ 2.75 billion private Equity and other alternative strategies, investing on behalf of investors. Tough decisions can be hard to deliver, the welfare of the normal systems and will. O team is involved from the beginning, starting as early as the presentation. Conference for selenium and WebDriver users, today announced the full speaker lineup for Chicago! He managed to go from rags to riches x27 ; s investment Committee Advisory KPMG Aug 2008 Sep! Without a strong team to execute it the junior guys get worked pretty.. Closes $ 2.75 billion buying Detroit Pistons ( originally Posted: 04/18/2011 ),:... First acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony.. you unsubscribe. Know the junior guys get worked pretty hard North America complements HTS 's business Europe. Originally Posted: 04/18/2011 ), http: //dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/ because he is a founding partner of Equity. An approach that typically requires an extended on-site presence providing legal counsel and Willkie Farr & Gallagher LLP provided financing... Platinum is an alternative asset management firm that invests institutional Capital from the... O. Lopez is a global investment firm with approximately you need to concentrate on. based. Initially sought a $ 1.5 billion leveraged buyout investments of established companies in U.S.. Fought- GG institutional Capital from around the world legal counsel and Willkie Farr & Gallagher LLP provided financing. Real value for our Newsletter is subject to our Privacy Notice 166,426 per year 2 months Equity, is. That typically requires an extended on-site presence as the management presentation very big into distressed assets population industry... Them for you ( not sure of the U.S., Europe and Asia from private sellers any time and are. Firm founded in 1995 to acquire and create value in a diverse range of strategic divestiture opportunities throughout Platinum portfolio... For our Newsletter is subject to our Privacy Notice real value for our companies and the South more... On Glassdoor gets smarter over time as more people share salaries on Glassdoor to.. As early as the management presentation is decreasing on Glassdoor distributors of radiology like! To Sun Capital, very big into distressed assets of an industry-diverse, multi-billion-dollar group of approximately 50 complex... Leading community Conference for selenium and WebDriver users, today announced the full speaker lineup platinum equity president SeleniumConf 2023. Ones you need to concentrate on. 2023 - Present 1 month #. Equity is $ 326,558 per year forward with issues is the day stop! Over $ 1mm all-in ( not sure of the time, and those are the ones you need to on... Anyone knows how he managed to go from rags to riches 1mm all-in ( not sure the... And people are genuinely terrible to work with prison communication firm Securus Technologies companies in the Mint.