Sign up to receive deal announcements. Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded legislators and regulators. Proceed with caution. 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. -Good amount of responsibility and independence of thought, -Salaries not market competitive (disconnect between hours worked and compensation) Kirkland & Ellis LLP is serving as legal advisor to Platinum Equity. Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. Nepotism run rampant here. Claim your Free Employer Profile. Platinum Equity's mission statement is "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. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Neither Noble nor Platinum made good on that in the months since, employees contend. You may unsubscribe any time. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. WebFounded 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 Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider wi. The announcement was made by Chris Reynolds, Deluxes Executive Vice President and General Manager of Worldwide Localization and Fulfillment. 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provider with acomprehensive product portfolio and expanded reachLOS ANGELES and PARIS (January 31, 2023) Platinum Equity today announced that the acquisition of Imerys SAs High Temperature Solutions business (HTS) in a transaction valued at approximately 930 million has been completed.The com It would be a big acquisition for Platinum in Australia. We are strongly committed to protecting your privacy. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); LOS ANGELES April 5, 2021 Platinum Equity today announced that it has entered into a definitive agreement to acquire The Cabinetworks Group (Cabinetworks) from American Industrial Partners, GIC and other equity holders. They have built an attractive platform and helped transform the industry, and there is also a significant amount we can do together to continue their history of innovation and grow the business both organically and through additional M&A activity. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide. We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. No performance reviews. 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 companys leading position in the cabinets space, combined with Platinum Equitys operational toolkit and M&A resources, make Cabinetworks a great fit for our portfolio., Todd Golditch, a Managing Director at Platinum Equity, said: We are thrilled to partner with CEO Joe Gross and the entire Cabinetworks team. To get a job at Platinum Equity, browse currently open positions and apply for a job near you. We focus on educational equity, affordability and learning success to help learners build better lives. Whats the best way to have a lack of compensation and incentive conversation in your department? She is a key member of the team that works with the Limited Partners. You may unsubscribe any time. 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? Private Equity Firms Have Caused Painful Job Losses And , Private equitys path to job cuts LinkedIn. The largest donation made to a political party by a Platinum Equity employee was 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. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum Equity and its portfolio companies.There were transactions in Europe, a result of Platinum Equitys commitment to the continent. 63% of the management team is White. In Platinum Equity, we have a world-class partner as we continue to grow our business., Rick Hoffman, a Partner at American Industrial Partners, said: We have been honored to work with a best-in-class management team and a remarkable and dedicated workforce across the United States to build an industry-leading kitchen and bath cabinetry business. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State The firm focuses on leveraged buyout investments of established companies in the U.S. and After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. Copyright 2023, Platinum Equity Advisors, LLC. 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. "McGraw Hill is one of the most trusted names in education and has been delivering best-in-class content for more than 130 years," said Platinum Equity Partner Jacob Kotzubei. Glassdoor gives you an inside look at what it's like to work at Platinum Equity, including salaries, reviews, office photos, and more. In that role he had responsibility for Emerson's mergers and acquisitions, strategic planning and corporate technology functions as well as Emerson Network Power's connectivity solutions business. Seems like there is more of a focus on working than work/life balance and the experience that employees have. 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. School memorabilia manufacturer pivots to providing for essential workers. Having problems? She is responsible for the firms human resource activities including recruiting, retention, training & professional development, and the employee workplace experience across Platinum Equitys global network. Dave Aroesty is responsible for evaluating operational turnaround opportunities in the hospitality industry and other sectors in which real estate provides a strong element of downside protection to the investment thesis. Base Salary (USD) $348,258/year View Hourly Rate Low:$307,194 Average:$348,258 "McGraw Hill has the best talent, content and technology in the industry and is a trusted partner to millions of educators, learners and professionals around the world," said Mr. Allen. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a lan from 8 AM - 9 PM ET. 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? document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. By clicking Submit you agree to receive communications from us. There was another example of the value Platinum Equity can provide to founder-owned businesses.The firm and its por Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and e. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. WebPlatinum Equity Interviews Experience Positive 100% Getting an Interview Recruiter 33% Campus Recruiting 33% Recruitment Agency 33% Difficulty 2.3 Average Hard Average Easy 27 Jan 2021 Associate Interview Anonymous Employee in United States Declined Offer Positive Experience Average Interview Interview 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 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. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. We are excited to work with Simon Allen and all of McGraw Hill's talented employees to continue investing in growth and innovation.". However, its a tough market for industrial sector companies and M&A, with concerns about the housing market amid rising interest rates and softening consumer sentiment. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners. Verify your email to use filters. -No transparency in connection with compensation (e.g., bonus is a complete guessing game) WebPlatinum Equity pays an average salary of $348,258 and salaries range from a low of $307,194 to a high of $393,294. Overall, 55% of employees would recommend working at Platinum Equity to a friend. 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 Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State of New York Attorney Generals office to provide free stamps to JPay consumers incarcerated at NYSDOCCS and pay a one-time $50,000.00 fine associated with customer service complaints regarding the operability of older generation media tablets at correctional facilities in New York State. Read more, Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology can help reduce recidivism and impr WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. 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 expanded reachLOS ANGELES (Februar The COVID-19 crisis has cast doubt on traditional ceremonies, but Jostens responds to give graduating seniors the celebration they deserve, COVID-19 pandemic exposes need for increased access to vote-by-mail technology that protects citizens exercising constitutional rights, OfficeMaxs New Zealand owner brings aboard veteran CEO to guide company through companys transformation. You may unsubscribe any time. Legal advisor to American Industrial Partners across 10 offices in key financial cities Worldwide and... 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