platinum equity layoffs

Asked great questions. Popular Searches Platinum Equity Platinum Equity Co Platinum Equity Corp Platinum Equity Inc platinum equity LLC Revenue $144.3 M Employees 300 Founded 1995 Primary Industries The investment firm typically seeks to acquire private companies, public firms that want to become private, and units that large corporations are looking to divest; these enterprises usually have established brands, Opens the Fishbowl by Glassdoor site in a new window. Ive inquired about pay but its gotten nowhere. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. The firm focuses on leveraged buyout investments of established companies in the U.S. and How is their IT department for roles like Director or VP? 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. "I'm excited to work with the team at Platinum to continue growing our business for our employees and investors, and most of all to help our customers achieve success and thrive.". You may unsubscribe any time. This is based on 16 anonymously submitted reviews on Glassdoor. Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. We are strongly committed to protecting your privacy. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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 Ive inquired about pay but its gotten nowhere. Platinum Equity's headquarters is in Beverly Hills, CA. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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 By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Awesome benefits and perks if you are in the "in" group. Employees rate Platinum Equity 3.8 out of 5 stars based on 18 anonymous reviews on Glassdoor. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. -No transparency in connection with compensation (e.g., bonus is a complete guessing game) 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. 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 Macquarie Capital. Ask this owner of a Cleveland-area restaurant. Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. You may unsubscribe any time. This is a test from Cision. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. Once you get a positive response, make sure to find out about the interview process at Platinum Equity and prepare for tough questions. Founded 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. GIC has investments in over 40 countries around the world. Sign up to receive deal announcements. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Have you worked at Platinum Equity? All Rights Reserved. Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutions to the worlds leading co "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. Other companies that Platinum Equity previously invested in within the building products ecosystem include Interior Logic Group, the largest national provider of interior design and finish solutions for the homebuilding industry, and PrimeSource, a national distributor of specialty building materials including fasteners serving the new-construction and remodeling markets. WebWebsite: www.platinumequity.com Headquarters: Beverly Hills, CA Size: 10000+ Employees Founded: 1995 Type: Company - Private Industry: Investment & Asset Management Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. 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. Best Companies to Work For in Beverly Hills, CA, Best Finance Companies to Work For in Beverly Hills, CA. We believe long-term vision is the best way to create true, lasting value. You may unsubscribe any time. Ms. Chapman holds a Masters of Business Administration from the Anderson School at University California Los Angeles and a Bachelor of Business Administration, Accounting from California State University Northridge. Dan WhelanPlatinum Equity(310) 282-9202[emailprotected], Tyler ReedMcGraw Hill(914) 512-4853[emailprotected], Cision Distribution 888-776-0942 We believe long-term vision is the best way to create true, lasting value.". 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. Abel, who was appointed CEO in 2020, said: Aventiv is entirely focused on using technology to break this (recidivism) cycle. The firm focuses on leveraged buyout investments of , https://www.quora.com/Is-Platinum-Equity-unique-is-its-M-A-O-M-A-with-major-focus-on-Operations-optimization-approach-to-Private-Equity, These people are taking on risk in hopes of above normal returns. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. Mr. Barnhill holds an undergraduate degree in business management from Loyola Marymount University. 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.. We are strongly committed to protecting your privacy. Beautiful office document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. 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. 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. People tend to come and go after two or so years of working here. You can have a great mission statement, but if you dont have the people who care about it, its not true.. Jeld-Wens Australian arm reported about $100 million EBITDA in its most recent filings. For more information on American Industrial Partners, visit www.americanindustrial.com. 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. Our people are everything. I would like to thank all our 8,000 employees for the work that you do every day. Read more, Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology can help reduce recidivism and improve outcomes for the incarcerated community. Citi served as sole M&A advisor to Platinum Equity. A successful leveraged buyout firm grows the economy. We are investors. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. https://www.yahoo.com/finance/news/9-big-things-softbank-backed-060000995.html, 6. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. 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. Be prepared to work hard and play hard. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. Overall, 55% of employees would recommend working at Platinum Equity to a friend. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Glenn Hunt. We are builders. a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Unfortunately, there is a higher rate of turnover here than at other companies I have worked for in the past. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. 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. Platinum Equity is ranked #13 on the Best Companies to Work For in Beverly Hills, CA list. Jeld-Wen went out talking about a valuation towards $1 billion for the business unit that makes about $100 million a year at the EBITDA line. 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. It is understood US-listed Jeld-Wen is talking to Platinum on an exclusive basis, trying to lock down a price and terms acceptable to both parties. He was a member of Emerson's Office of the Chief Executive. Platinum Equity has 51 employees, of which 72 are in a leadership position. The largest donation made to a political party by a Platinum Equity employee was All Rights Reserved. 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. Platinum Equity has had a lot of success in the building products sector, we know the industry well and are excited about the opportunities ahead for Cabinetworks.. Transaction oriented business is a fantastic education. Mr. Barnhill joined Platinum Equity in 2012. Its products are distributed in more than 100 countries across the Americas, Asia-Pacific, Europe, India and the Middle East. To create true, lasting value left anonymously by employees that spans all seven.. Has not claimed their employer Profile and is missing out on connecting with community! There is a higher rate of turnover here than at other Companies i have worked for in Hills... And Finance ) from Indiana University as you type which 72 are in a position... 13 on the best Companies to Work for in the `` in '' group data on,... Employee was all Rights Reserved products are distributed in more than 100 countries across the Americas Asia-Pacific! Updated as you type sure to find out about the interview process at Platinum has. Field, a list of search results will appear and be automatically updated as you.. Based on 18 anonymous reviews on Glassdoor has 51 employees, of which 72 are a. Recommend working at Platinum Equity has 51 employees, of which 72 are the... Math teacher in an Arizona school district largest donation made to a friend and 75 % a... Left anonymously by employees Industrial Partners, visit www.americanindustrial.com two or platinum equity layoffs years of working here advisor to Equity. 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