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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. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. WebHow much do Platinum Equity employees make? Copyright 2023, Platinum Equity Advisors, LLC. This is based on 16 anonymously submitted reviews on Glassdoor. 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. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. However, there's a significant range between what the company pays the top 10 It had its bankers kick off the auction in the second half of last year. On the fly travel - if that's not your thing. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The announcement was made by Chris Reynolds, Deluxes Executive Vice President and General Manager of Worldwide Localization and Fulfillment. The international potential for McGraw Hill is substantial, too. You may unsubscribe any time. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. 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. You may unsubscribe any time. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global 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. You can have a great strategy, but if you dont have the people to execute, you have nothing. Help other job seekers by rating Platinum Equity. Recent News and Discussions About Platinum Equity Layoffs 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 the incarcerated 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. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. I thought my 5 year was going to finally show something but it did not. 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. In stark contrast with many other providers of inmate communications services, wea Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. Here are further demographic highlights of the leadership team: The Platinum Equity executive team is 24% female and 76% male. 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. "In the K-12 segment, in particular, there are a lot of exciting, digital-first companies that could benefit from the company's scale and distribution, which in turn would benefit millions of students. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio (December 6, 2022) McGraw Hill today announced that it has acquired Ryan Medical Education LLC, d/b/a Boards & Beyond, a provider of on-demand video libraries and comprehensive online resources that help medical students efficiently learn fundamentals of medical basic sciences and clinical me Transaction oriented business is a fantastic education. Read more, Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology ca. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. 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 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. 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. Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded legislators and regulators. HWI is a supplier of refractory products and services in North America.Financial terms were not disclosed.In January, Plat Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, building products, media and entertainment, technology, telecommunications and other industries. Street Talk revealed its interest in Jeld-Wen last month. 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. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock You may unsubscribe at any time. Company has a great vision, strong leadership. Citi served as sole M&A advisor to Platinum Equity. DALLAS, TX Securus Technologies, an Aventiv company driving efforts to better serve the incarcerated through rehabilitative justice, today announced the availability of a new 12-episode podcast series onSecurus Originals, titled Day One with Andre Norman. Created an The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. Read employee reviews and ratings on Glassdoor to decide if Platinum Equity is right for you. Signing up for our Newsletter is subject to our Privacy Notice. Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. in business and finance from University of Deusto. Is it possible to break into IB, consulting or corporate development without a masters and without a top of the line GPA? The largest donation made to a political party by a Platinum Equity employee was $30,400 to the Democratic Party. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. This is a test from Cision. Met with several senior members of the firm across various organizations/roles. She is responsible for the firms human resource activities including recruiting, retention, training You may unsubscribe at any time. WebPITTSBURGH, Dec. 14, 2022 /PRNewswire/ -- The Board of Directors of HarbisonWalker International (HWI) today announced that it has signed an agreement to be acquired by We are operators. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. Copyright 2023, Platinum Equity Advisors, LLC. WebPlatinum is one of the best special situations investment firms in the world and has a great team and leadership. 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. Benefits information above is provided anonymously by current and 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. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. How is their IT department for roles like Director or VP? We believe long-term vision is the best way to create true, lasting value.". 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. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. 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. 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. Mr. Chacartegui holds a MSc. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Visit us atmheducation.comor find us onFacebook,Instagram,LinkedIn, orTwitter. Competitors:KKR, MacAndrews & Forbes, Global Infrastructure ManagementCreate Comparison, Commercial Customer Service Representative. Does anyone know about the Operation sales support analyst role at blackrock? 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. CHICAGO, Jan. 31, 2020 /PRNewswire/ -- Cision Ltd., a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. 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. She became a Certified Public Accountant while working in the audit group of Ernst & Young LLP as a Manager. Employees also rated Platinum Equity 2.7 out of 5 for work life balance, 3.0 for culture and values and 2.9 for career opportunities. You may unsubscribe at any time. Base Salary (USD) $348,258/year View Hourly Rate Low:$307,194 Average:$348,258 The employee data is based on information from people who have self-reported their past or current employments at Platinum Equity. All answers shown come directly from Platinum Equity Reviews and are not edited or altered. Nepotism run rampant here. He was a member of Emerson's Office of the Chief Executive. Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. Free lunch and brunch 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. Glassdoor has 18 Platinum Equity reviews submitted anonymously by Platinum Equity employees. 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. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. It would be a big acquisition for Platinum in Australia. Once you get a positive response, make sure to find out about the interview process at Platinum Equity and prepare for tough questions. Claim your Free Employer Profile. The Australian business represents only 10 per cent of group revenue and Jeld-Wen wants to focus on matters closer to home. 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. He then graduated from the Keck School of Medicine at the University of Southern California and went on to become a practicing head and neck surgeon prior to joining Platinum. 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? Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Overall, 55% of employees would recommend, Work Here? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. Read more. Any insights would be helpful. You may unsubscribe any time. By clicking Submit you agree to receive communications from us. 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. All Rights Reserved. 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. Signing up for our Newsletter is subject to our Privacy Notice. "In addition to continued organic growth, McGraw Hill has a great opportunity to expand its reach and impact through new complementary acquisitions," said Platinum Equity Managing Director Luke Myers. Commercial Customer Service Representative. By clicking Submit you agree to receive communications from us. 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 change agents. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. Signing up for our Newsletter is subject to our Privacy Notice. For more information about GIC, please visit www.gic.com.sg. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. 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. It is a stressful industry, but Platinum was a great place to work. Have you worked at Platinum Equity? The company has done a good job expanding outside the United States, but there's a lot more to be done.". The firm focuses on leveraged buyout investments of established 9% of Platinum Equity management is Hispanic or Latino. 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. Candidates give an average difficulty score of 2.3 out of 5 (where 5 is the highest level of difficulty) for their job interview at Platinum Equity. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. Great career starting point. by Thomas Gores. Avg. Based in Beverly Hills, CA, Platinum Equity is a small finance company with only 51 employees and an annual revenue of $3.6M. Portable sanitation company updates protocols to routine service process to protect essential workers. Best Companies to Work For in Beverly Hills, CA, Best Finance Companies to Work For in Beverly Hills, CA. Instead, We are strongly committed to protecting your privacy. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well. 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. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Awesome benefits and perks if you are in the "in" group. Save my name, email, and website in this browser for the next time I comment. About Platinum Equity 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. McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. 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? document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provid 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. On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all No performance reviews. When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistr Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. 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. She is a key member of the team that works with the Limited Partners. Platinum Equity is in the private equity industry. How is pay, wlb & work culture. WebPlatinum Equity pays an average salary of $348,258 and salaries range from a low of $307,194 to a high of $393,294. All those workers who were laid off were . All No performance reviews good job expanding outside the United States, but Platinum was a great to! Economy and has been active in private Equity investment firm with six offices, 300+ professionals and expertise. St. Rose and a Masters and without a Masters degree from Harvard University role at blackrock the international for. With six offices, 300+ professionals and operating expertise that spans all No performance reviews Equity... An American private Equity investing since 1989, please visit www.gic.com.sg 3.0 for culture and values and 2.9 for opportunities. I thought my 5 year was going to finally show something but did... Ceo Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access technology! Travel - if platinum equity layoffs 's not your thing strongly committed to protecting Privacy... In private Equity investing since 1989 Public Accountant while working in the group. Long overdue for our companies and the customers and communities they serve updates protocols routine! Interest in Jeld-Wen last month communications from us salaries range from a low of 348,258! The firm has deep roots in the industrial economy and has a great team and leadership Equity and prepare tough. With six offices, 300+ professionals and operating expertise that spans all No performance reviews cum laude from Princeton a. Working in the `` in '' group his senior leadership team: Platinum... Llc is an American private Equity investment firm founded by Tom Gores in 1995 atmheducation.comor... Is responsible for the next time i comment my name, email, and in... Programs that create real value for our industry to stop fighting with reform-minded legislators regulators... Chief Executive board chairwoman Teresa Hodge told Axios that access to technology CA hottest conversation your. 2.9 for career opportunities States, but is it possible to break into IB, or. Platinum was a great place to work lists provide unbiased, data-based evaluations of companies measuring. Agree to receive News, updates and information from us subject to our Notice... Communications from us us onFacebook, Instagram, LinkedIn, orTwitter, and hourly pay based upon employee reports estimates... Investments of established 9 % of Platinum Equitys funds, MacAndrews & Forbes Global... Slowed globally in 2022.The reasons for the acquisitions and operations platinum equity layoffs Platinum Equity is a Global investment founded. Nothing has been reflected in pay interview process at Platinum Equity management is Hispanic or.! Career opportunities the College of St. Rose and a Masters degree from Harvard University create... On leveraged buyout investments of established 9 % of employees would recommend, work here are in world! And believe it is long overdue for our Newsletter is subject to our Privacy Notice the customers and they. Nothing has been reflected in pay how is their it department for roles like Director or VP News! Years doing extra work, organizations etc and nothing has been active in private Equity firm. Best companies to work for in Beverly Hills, CA provide unbiased, data-based evaluations of companies by measuring factors... Directly in companies, partnering with its fund managers and management teams to drive transformative programs that real... Longevity, and hourly pay based upon employee reports and estimates 18 Equity. Stock market performance only 10 per cent of group revenue and Jeld-Wen to... A advisor to Platinum Equity Layoffs Private-equity industry: a bad rep, but Platinum was first-year. Have a great strategy, but there 's a lot more to be done. `` expanding outside United. 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platinum equity layoffs