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Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995, headquartered in Beverly Hills, California. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.
He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California. In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion. [4]
He is the older brother of Tom Gores, founder of Platinum Equity, [20] [21] and Sam Gores, the head of Paradigm Talent Agency. [ 22 ] Gores commissioned the 2005 film The Kid & I , which co-stars his son Eric .
ITG was sold to private equity firm Platinum Equity in 2016, and later moved its headquarters to its parent company's home city of Beverly Hills. [8] [9] ITG announced layoffs at its Greensboro-based White Oak denim mill in April 2009. [10] ITG closed the White Oak mill entirely on December 31, 2017, after 110 years of operation. [11]
In 2001, Nikou began his career in private equity at Platinum Equity. At age 25, he moved to Paris to help open the firm's first European office. [5] At Platinum Equity, he expanded the firm's international presence in Europe. [8] In 2004, he left Platinum Equity and moved back to Los Angeles to start his own global investment firm.
For a time after 2016 it was owned by Platinum Equity until it became listed on Nasdaq in 2018. In February 2022 the company merged with Amentum Government Services Holdings LLC and its stock was delisted from Nasdaq. [6] PAE is a major supplier of services to the U.S. Department of State.
On May 31, 2016, Platinum Equity announced its intent to acquire Electro Rent for $382.2 million. History. Electro Rent was founded in 1965. [2]
Club Car is an American company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use. It is currently owned by Platinum Equity after being acquired in 2021. [1]