PLATINUM EQUITY LLC
Information technology
In October 2004, the firm completed the acquisition of CompuCom Systems, Inc. which was one of the largest public-to-private transactions in 2004.[20] Then, in December 2004, the company acquired General Electric's IT Solutions division. The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services.[21] The business was sold to Court Square Capital Partners in 2007.[22] In 2014, Platinum Equity acquired 70% ownership of Australian marketing and directory services company Sensis for AU$454 million.[23] In July 2021, the firm completed the acquisition of Ingram Micro.[24]
Logistics and distribution
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. Both companies were distributors of radiology products like film, chemicals and lead shields. Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed.[25] Merry X-Ray acquired SourceOne Healthcare Technologies from Platinum Equity in November 2005.[26] In early 2019, Platinum Equity completed the purchase of customs broker and freight forwarder Livingston International for an undisclosed sum, acquiring the firm from Sterling Partners and the Canada Pension Plan Investment Board.[27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. Details of the sale were not disclosed.[30]
Industrials
PNA Group, a metals processor, was acquired in May 2006 from TUI AG. At the time of acquisition, PNA included three companies. While in Platinum Equity’s portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations.[31] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. The purchase price, together with the $181 million in accumulated profits, represented 27 times Platinum’s original investment of $17.5 million just two years earlier.[32] In August 2021, the firm completed the acquisition of SVP Worldwide.[33]
Prison communication
In 2017, Platinum Equity acquired prison communication firm Securus Technologies. The firm came under pressure from criminal justice activists for its alleged excessive pricing for prison calls, borne primarily by poor and minority prisoners.[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]
https://en.wikipedia.org/wiki/Platinum_Equity#Prison_communication