These acquisitions included a call center (Foresight Software), networking gear (Racal Electronics), and voice and data service (Williams Communications).

[5][6][7] The firm’s first fund, Platinum Equity Capital Partners, was raised in 2004 and had a 62.5% net internal rate of return as of June 30, 2009.

[12][13] The firm is headquartered in Beverly Hills, California, with regional offices in Boston; Greenwich, Connecticut; New York City; London; and Singapore.

[21] In 2014, Platinum Equity acquired 70% ownership of Australian marketing and directory services company Sensis for AU$454 million.

[23] 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.

[25] 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.

While in Platinum Equity’s portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations.

[30] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million.

The suits allege hundreds of jails in Michigan eliminated in-person visitation for family members, instead requiring Securus software be used for all communication.