The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. As much as Tom Gores and Platinum Equity want to be “change agents” as Gores said in a letter to the FCC, being involved in this inherently rotten business is a mug’s game. Tom Gores resigns from LACMA board over prison phones investment ... during which Gores defended the investment and told trustees about how his Platinum Equity firm was in … He is the owner of Platinum Equity, a personal equity company with head office in Beverly Hills. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. On a visit to his hometown in September 2015, Pistons Owner and Platinum Equity Chairman and CEO Tom Gores stands in front of the market in Flint, Michigan that his father operated and Tom Gores and his siblings worked at in the 1970s and early 80s. Tom Gores oversees more than 25 companies with some $23 billion in assets through his Los Angeles-based private equity firm, Platinum Equity. Investor Tom Gores scooped up another entertainment asset through his firm Platinum Equity, acquiring the distribution business of digital cinema distribution company Deluxe Entertainment.The financial terms of the deal were not disclosed, but it does not include Deluxe’s creative businesses.“Deluxe has been a cornerstone of the entertainment industry for more than 100 years,” Gores … Platinum Equity Inquiries: Information regarding Platinum Equity investor and media relations, business development, human resources, and corporate contacts available here. Los Angeles-based Platinum is run by billionaire founder Tom Gores. December 18, 2020. Tom Gores is owner of the Detroit Pistons and Chairman and CEO of global investment firm Platinum Equity. Tom Gores’ charitable donations to SAY Detroit have become an annual occurrence. The firm says it has around $23 billion in assets under management and also owns U.S. basketball team the Detroit Pistons. Platinum Equity CEO Tom Gores’ relationship with ESPN’s Jalen Rose vital to Detroit charter school’s educational mission. Los-Angeles based Platinum Equity, which was founded in 1995 by American businessman Tom Gores, who owns the Detroit Pistons basketball team, did not respond to a request for comment. The Partners and Principals lead in-house teams and guide every facet of the firm’s strategy, from investment theses and deal processes to portfolio development and financial management. Tom Gores Press and Marketing Inquiries: Platinum Equity World Headquarters 360 North Crescent Drive, Beverly Hills, CA 90210 +1 310.712.1850. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Tom Gores Contact . Tom Gores brings in a new CEO for Securus, which is promising to lower rates after a campaign targeting the billionaire's Platinum Equity investment firm. Tom Gores Early Career. Gores’s firm, Platinum Equity, acquired Securus Technologies, a company accused of grossly overcharging prisoners to make phone calls, for $1.6 billion in 2017. On January 28, 2016 Mr. Gores pledged $10 million for Flint relief efforts. Los Angeles-based Platinum is run by billionaire founder Tom Gores. “Mr. “This is an important investment for us in a business that serves millions of patients around the world. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. Gores’ firm, Platinum Equity, purchased Securus in 2017, joining a $1.2 billion prison telecom industry that makes its money from incarcerated people and their families. Tom Gores founded Platinum Equity in 1995 and his guidance, core philosophies, and strong principles drive the strategic development and direction of both Platinum and its portfolio, as well as his ownership of the NBA’s Detroit Pistons.
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