Headed by Tom Gores, who is one of America’s wealthiest financiers, Platinum Equity is lauded as “the most interesting private equity firm.” The Beverly Hills-based investments corporation was founded in 1995. Nowadays, it has become one of the most largest and successful global leveraged buyout firms according to one of the world’s prestigious publications, Forbes magazine.
Platinum Equity was able to catch the whole industry’s attention by recently acquiring The San Diego Union Tribune, one of Southern California’s oldest and most respected daily newspapers.
Platinum Equity has a swift transaction style. The company requires specialized solutions that range from corporate divestitures to public-to-private transactions. They have a history of solving transaction issues while meeting their sellers needs. They are definitely know for the expertise, knowledge, resources, and results they bring to the table.
Tom Gores founded Platinum Equity in 1995 so that it could acquire and move forward with underperforming divisions of Fortune 1000 corporations. Platinum has acquired $27.5 billion in annual revenue, and over 100 companies in a wide variety of industries.
The firm’s founder and chairman, Tom Gores, serves as a current member of the Board of Trustees for LACMA. He was also a former member of the Board of Directors for UCLA Medical Center, as well as for St. Joseph’s Hospital.
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