platinum equity president

Platinum Equity | 37,158 followers on LinkedIn. not everyone, but some. isn't linear. 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? Platinum Equity Completes Acquisition of GE IT Solutions; Former General Electric Unit Will Be Integrated With CompuCom Systems, Inc". WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Not as much as Triple Group buying the Pontiac Silverdome a couple years back for 500K but nevertheless with Gores' backing the Pistons could make a huge turnaround. Read More. They're known as bottom feeders in finding deals/companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. Ask this owner of a Cleveland-area restaurant. Returning to an in-person event for . 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. While in Platinum Equitys portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations. 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. He was national editor and chief political correspondent at the Atlanta Journal-Constitution, and later edited The . Rather, let growth define your structure. Solenis is a 2021 US Best Managed Company. How much do Platinum Equity employees make? You may unsubscribe at any time. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. M&A&O: Platinum Equity trademarked its paradigm-shifting approach. Contact Number (310) ***-**** Engage via Phone. If you make a mistake be engaged enough to correct it but don't be arrogantadjust your course and move forward. You can have a great strategy, but if you dont have the people to execute, you have nothing. Platinum > Gores. Prestige Equity Partners. One of those lights, slightly brighter than the rest, will be my wingtip passing over. 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/. Lots of bad teams still fill seats and make good money. Anyone have any insight? Tom Gores founded Platinum Equity Holdings with $200K in seed capital. Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed. Tom went out on his own and started Platinum. Headquartered in Wilmington, Delaware, Solenis supplies innovative specialty chemicals and services for process, functional and water treatment applications in two primary segments: Consumer Solutions (consumer and food packaging, graphic paper and tissue and towel markets) and Industrial Solutions (core water treatment and wastewater markets). New Cascade Platinum Plus is launching with support of a national integrated marketing campaign that encourages viewers to "Dare to Dish Differently" and is now available in stores nationwide and online. You may unsubscribe at any time. Talk about drama. Platinum Equity Leadership - Jason Price Greenwich 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010 M&A Jason Price Managing Director Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. The firm came under pressure from criminal justice activists for its alleged excessive pricing for prison calls, borne primarily by poor and minority prisoners. Robert Wentworth participates in senior level merger and acquisition activities for Platinum Equity and is a member of the Investment Committee. 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. Engage via Email. 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. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Be open to almost all situations, but be stubborn on your values and principles. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. . For the full year, the company reported revenue was USD 4.09 million. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Founded 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. Once a company completes its transition, Platinum Equity's dedicated sell-side team works with the operating council to find the right monetization opportunities. 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. The MSRP is USD $5.44 for an 11-count bag; $19.94 for a 52-count tub. What are the goals of a Director of the U.S. Mint? She is a key member of the team that works with the Limited Partners. [20] Then, in December 2004, the company acquired General Electric's IT Solutions division. And yes I know that only one of the players is still on their original team, but it would've been a different field and the Pistons could very well have been a viable team to acquire some of the free agents that were out there last year. Dont allow organizational structure to determine your growth. You may unsubscribe at any time. Signing up for our Newsletter is subject to our Privacy Notice. 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. Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. Sean Ryan, President of McGraw Hill's School Group, said: "Achieve3000 and McGraw Hill are a natural fit. We are strongly committed to protecting your privacy. Clough Global Equity Fund reported earnings results for the full year ended October 31, 2022. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that. We are strongly committed to protecting your privacy. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Really?! Join to connect Platinum Equity. 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 . We are excited to continue investing in its growth.". Retail prices are at the sole discretion of the retailer. The purchase price, together with the $181 million in accumulated profits, represented 27 times Platinums original investment of $17.5 million just two years earlier. The firm focuses on leveraged buyout investments by companies based in the U.S., Europe and Asia. Chanced upon Tom Gores' profile while reading the forum topic on "best offices". Itaque corrupti enim atque quidem repudiandae perferendis officia dolorem. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. Opened first European office in Paris. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Platinum has a $6 billion portfolio with a global reach. 2x the grease cleaning . As part of the transaction, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. The best plan is worthless without a strong team to execute it. About Platinum Equity. We are strongly committed to protecting your privacy. Blood, whips and guns or dollars.". 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. . He also has responsibilities related to post-acquisition monitoring and oversight of operational performance at certain portfolio companies. Heather Bell. The portfolio Operations team works closely with management, applying an approach that typically requires an extended on-site presence. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. Tom is also worth a lot more than Alec. [21] The business was sold to Court Square Capital Partners in 2007. Solenis CEO John Panichella will lead the combined company following the transition and integration. During the next few months, we will remain focused on serving our customers while executing our integration, which should be seamless to all our customers. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Fund I closed with $700M in capital commitments. Platinum Equity specializes in mergers, acquisitions and operations . Williams Communications first billion-dollar portfolio company. The Raptors are not. Richard Dinh works as a Vice President, Transformation (US) at Platinum Equity, which is an Investment Banking company with an estimated 300 employees; and founded in 1995. 2 Platinum Equity reviews. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. All Rights Reserved. In 2010, it ranked #31 on Forbes Largest Private Companies list for 2010[15] and #1 on the 2010 Los Angeles Business Journal list of LA's Largest Private Companies. While tough decisions can be hard to deliver, the welfare of the group requires them. Portable sanitation company updates protocols to routine service process to protect essential workers. He is also the senior executive responsible for evaluating acquisition opportunities and integrating new acquisitions into the portfolio. Net loss was USD 108.76 million.. | January 10, 2023 [32] In August 2021, the firm completed the acquisition of SVP Worldwide. 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. With the DTE theater and PoAH @ 350 mm, that's a dead steal. Is it just me or are PE Associates garbage these days? Copyright 2022, Platinum Equity Advisors, LLC. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. To grow, you must extend your abilities. You may unsubscribe any time. I look forward to joining the Solenis leadership team and working with John and his team to strengthen our businesses together., With the closing of this Solenis acquisition and simultaneous merger of these two industry-leading companies, Solenis will now have the ability to reach a new, diversified market of customers and expand its portfolio by incorporating Siguras complementary resources, production capabilities, and water care solutions into its business, said Todd Golditch, Managing Director at Platinum Equity. The deal is expected to be completed in the first half of 2021. "Staples Australia and New Zealand rebrands as Winc after Platinum Equity buyout", "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity", "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". [11], In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[12][13]. London, England, United Kingdom Vice President Platinum Equity Oct 2018 - Jan 2023 4 years 4 months. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. In 2021, SVP Worldwide was acquired by Platinum Equity ( www.platinumequity.com ), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately . "Club Car is an iconic . Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. Forbes ranks Platinum Equity No. I don't see any tangible evidence in his experience and with him keeping current management aroundgood luck to him. We are strongly committed to protecting your privacy. In the same year, Platinum executed its largest acquisition and largest divestiture to date. Quo eligendi debitis est nihil distinctio. WSO depends on everyone being able to pitch in when they know something. It seems very try hard. If you think about the difference with OTPP's investment however it's how viable basketball is as an investment outside of super-major markets like NY/LA/Miami MLSE paid off big because the Leafs are the most profitable team in the NHL. 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. Spans all seven continents Accounting and Finance ) from Indiana University firm with six offices 300+. Platinum has a $ 1.5 billion leveraged buyout investments by companies based in the first half of 2021 company its... Correct it but do n't be arrogantadjust your course and move forward operating council find... 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