Portable sanitation company updates protocols to routine service process to protect essential workers. You may unsubscribe at any time. Signing up for our Newsletter is subject to our Privacy Notice. platinum equity platinum equity co platinum equity corp platinum equity inc platinum equity llc platinum equity llc Platinum Equity Global Presence Search All Employees Gibson, Dunn & Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of McGraw Hill and Willkie Farr provided financing counsel to Platinum Equity on the transaction. While the deals yet to be agreed, the exclusive talks are a pretty good sign Platinum has seen off rival contenders for the unit, including Australias Allegro Funds, to be homing in on a deal. About Platinum EquityFounded 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. Be prepared to work hard and play hard. Sign up to receive deal announcements. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide. Platinum Equity, the private equity firm of Detroit Pistons owner Tom Gores, announced it has entered into a definitive agreement to acquire The Cabinetworks Group in Ann Arbor from American Industrial Partners, GIC, and other equity holders. All Rights Reserved. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Our people are everything. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State Transaction oriented business is a fantastic education. We are change agents. Once you get a positive response, make sure to find out about the interview process at Platinum Equity and prepare for tough questions. What are perks and other benefits like at Platinum Equity? This rating has been stable over the past 12 months. Changes wont be saved until you sign up for an Enhanced Profile subscription. Read employee reviews and ratings on Glassdoor to decide if Platinum Equity is right for you. We generate returns by investing in companies across a wide range of industries that need financial and operational support to unlock their full potential. Claim your Free Employer Profile. Our trademarked M&A&O strategy goes beyond traditional mergers and acquisitions, applying deep operational expertise to create long-term value for our investors, our companies and the communities they serve. Any insights would be helpful. Follow the topics, people and companies that matter to you. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (December 14, 2022) Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America.Financial terms were not disclosed. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Yak Access Receives 100% Lender Support for Restructuring and Recapitalization, PLATINUM EQUITY ANNOUNCES COMPLETION OF HARBISONWALKER INTERNATIONAL ACQUISITION. Read more. Read more, The Day One with Andre Normanpodcast is the most recent addition to Securus Technologies growing catalog of free restorative content for the incarcerated Platinum Equity is ranked #13 on the Best Companies to Work For in Beverly Hills, CA list. Private-equity industry: A bad rep, but is it deserved? Read more, The Day One with Andre Normanpodcast is the most recent addition to Securus Technologies growing catalog of free restorative content for With the Platinum Equity Announces Completion of HarbisonWalker International Acquisition, Platinum Equity Completes Acquisition of High Temperature Solutions Business from Imerys for 930 Million, Year In Review: Platinum Equity marks an impactful 2022 with new platforms, 61 add-ons, ESG strides and philanthropic outreach, Aventiv leadership tells Axios-sponsored panel discussion that access to technology can reduce recidivism, Statement From Aventiv Technologies on the Martha Wright-Reed Just and Reasonable Communications Act of 2022, Aventiv Technologies Welcomes Agreement with New York AG Office, Platinum Equity to Acquire HarbisonWalker International, McGraw Hill Acquires Boards & Beyond, On-Demand Video Platform for Medical Students, New Securus Originals Podcast Inspires Incarcerated Individuals to Focus on Building a Second Chance Beginning Day One of Incarceration, Deluxe Acquires Post Haste Digital To Further Scale Capacity For Owned Dubbing and Media Services As Growth in Local Language Content Continues. We are strongly committed to protecting your privacy. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. Jeld-Wen has marked its Australasia unit for review and is seriously considering a full exit, as shown by its decision to run a two-part auction. Ive inquired about pay but its gotten nowhere. Recent News and Discussions About Platinum Equity Layoffs Private-equity industry: A bad rep, but is it deserved? We are strongly committed to protecting your privacy. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and e. We protect vital business interests like customers, employees, and the supply chain; we work with each acquisition to achieve operational excellence and to support growth, providing key strategic and financial resources as needed. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. WebWebsite: www.platinumequity.com Headquarters: Beverly Hills, CA Size: 10000+ Employees Founded: 1995 Type: Company - Private Industry: Investment & Asset Management Visit us atmheducation.comor find us onFacebook,Instagram,LinkedIn, orTwitter. Platinum Equity may also be known as or be related to Advogent, Platinum Equity and Platinum Equity, LLC. https://www.latimes.com/business/la-xpm-2012-jan-12-la-fi-private-equity-20120112-story.html, Jan 12, 2012 The cost savings from the 192 layoffs announced that day, and 150 or so others over the next year, helped Beverly Hills-based Platinum Equity , Transaction provides substantial capital to fuel next phase of M&A-driven growth and expansion LOS ANGELES December 20, 2021 Platinum Equity portfolio , https://www.forbes.com/sites/mayrarodriguezvalladares/2019/10/30/private-equity-firms-have-caused-painful-job-losses-and-more-are-coming/, Oct 30, 2019 In fact, private equity firms cause significant unemployment. Platinum Equity competitors include Excellis Health Solutions, Lq3 Pharmaceuticals, American Bankers Association, United Capital Financial Partners, NFP Ventures, Asset Management Company, Acquisition, Latin American Agribusiness Development, Ariel Investments, LEVEL5, Trust Company Of America, Daiwa Capital Markets America Holdings Inc., Fortis Financial, Lexington Partners. There were significant exits. The data presented on this page does not represent the view of Platinum Equity and its employees or that of Zippia. Mr. Barnhill joined Platinum Equity in 2012. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. BofA Securities will lead the debt financing for Platinum Equity and Cabinetworks. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (Februar Raises and bonus are discretionary and will change with no notice. Instead, Any insights would be helpful. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider wi. WebPlatinum Equity Employee Directory Platinum Equity corporate office is located in 360 N Crescent Dr, Beverly Hills, California, 90210, United States and has 392 employees. The Australian business represents only 10 per cent of group revenue and Jeld-Wen wants to focus on matters closer to home. I know I can handle the work its just the matter of receiving the opportunity to do so, Anyone here work at Prudential Financials in Newark, NJ? Having problems? Street Talk revealed its interest in Jeld-Wen last month. COVID-19 response illustrates one way the company is driving business transformation and industry reform to make products more accountable Portable sanitation company teams up with King County (Wash.) to protect those unable to adhere to social distancing guidelines, Company joins industry-wide effort that combines resources and expertise to increase production of personal protective equipment, Scottish companys assistance critical in the production of protective visors for healthcare workers. I thought my 5 year was going to finally show something but it did not. BofA Securities and Barclays served as financial advisors to Cabinetworks. The process lasted about 30 days from first interview to offer. We are proud of what Cabinetworks has accomplished during our partnership over the last eight years and believe the company is now positioned for still greater success in the years to come.. Igor Chacartegui is responsible for the structuring and execution of European acquisition and divestiture transactions. The international potential for McGraw Hill is substantial, too. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Save my name, email, and website in this browser for the next time I comment. How is their IT department for roles like Director or VP? Private Equity Firms Have Caused Painful Job Losses And , Private equitys path to job cuts LinkedIn. Glassdoor has 18 Platinum Equity reviews submitted anonymously by Platinum Equity employees. How is pay, wlb & work culture. You may unsubscribe any time. Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded legislators and regulators. Prior to joining Platinum Equity in 2022, Mr. Anfuso worked at New State Capital Partners. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( American buyout group Platinum Equity is in final stage talks to acquire windows, doors and shower screens group Jeld-Wen Australasia, after an auction run by However, there's a significant range between what the company pays the top 10 By clicking Submit you agree to receive communications from us. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. We are strongly committed to protecting your privacy. Verify your email to use filters. Thomas Gores donated Zippia gives an in-depth look into the details of Platinum Equity, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Platinum Equity. The company produces both framed and frameless cabinetry, operating out of 14 assembly plants and three component facilities, and serves customers through a multi-channel approach including sales to dealers, home centers and distributors across the United States. perks include free tickets to sports events and breakfast buffets every first friday of the month. You may unsubscribe at any time. As I wrote a few weeks ago, economists at Harvard University and the University of , https://www.linkedin.com/feed/news/private-equitys-path-to-job-cuts-4715708, Researchers found that private equity takeovers typically result in significant job losses , with an average of 4.4% of a companys jobs vanishing in the first , https://www.sandiegouniontribune.com/sdut-bn07layoffs145114-2009may07-htmlstory.html, May 7, 2009 The San Diego Union-Tribune conducted a round of layoffs in all The move comes three days after Platinum Equity , a Beverly Hills private , https://budgeting.thenest.com/happens-after-private-equity-buyout-28601.html. The firm focuses on leveraged buyout investments of established companies in the U.S. and Europe.The firm is headquartered in Beverly Hills, California with regional offices in Boston, New York and London. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. We are strongly committed to protecting your privacy. Media Contacts: Dan Whelan Platinum Equity 310.282.9202 Dwhelan@platinumequity.com, Ben DeRosa American Industrial Partners 212.627.2360 x200 ben@americanindustrial.com, Rich Wiese Cabinetworks 734.205.4514 rich.wiese@cabinetworksgroup.com, Katy Conrad GIC 212.856.2407 katyconrad@gic.com.sg. Opens the Fishbowl by Glassdoor site in a new window, Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. Platinum Equity is a leading U.S. investment fund with more than $25 billion of assets under management with a portfolio of approximately 40 operating companies worldwide. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. This is based on anonymous employee reviews submitted on Glassdoor. 9 big things: SoftBank-backed layoffs are everywhere Yahoo Finance, Is Platinum Equity unique is its M&A&O (M&A with major focus , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Overall, 55% of employees would recommend working at Platinum Equity to a friend. Hours are long, but worth it. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. We believe long-term vision is the best way to create true, lasting value.". 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. By clicking Submit you agree to receive communications from us. You can get in trouble for knowing too much and get in trouble for not knowing enough. We are investors. The LA firm doesnt have an Australian office, but pops up in local auctions every year or so, targeting corporate carve-outs which is its specialty globally. Business Based on 6 salaries Vice President 3 salaries Managing Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal The firm focuses on leveraged buyout investments of established companies in the U.S. and Here are further demographic highlights of the leadership team: The Platinum Equity executive team is 24% female and 76% male. Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. Met with several senior members of the firm across various organizations/roles. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Platinum status Back in 2018, I predicted that Platinum Equity could be one of the next private equity firms to raise a $10 billion buyout fund for the first , https://www.adweek.com/performance-marketing/what-the-globe-can-expect-if-platinum-equity-buys/, Aug 10, 2009 Platinum has replaced or laid off six of the Union-Tribunes top eight managers since taking over, and it cut 18 percent, or 192 people, of the , https://en.wikipedia.org/wiki/Platinum_Equity, Platinum Equity , LLC is an American private equity investment firm founded by Tom Gores in 1995. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. Awesome benefits and perks if you are in the "in" group. Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. 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