Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. The hospitals new operator, Platinum Health, agreed to buy them in April for $2 and laid off the last employees in early September. Verify your email to use filters. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. 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. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provid 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. Mr. Anfuso holds a Bachelors degree in Business Administration from the University of Southern California. WebPlatinum Equity | 37,679 followers on LinkedIn. Free lunch and brunch 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. Overall, 55% of employees would recommend, Work Here? You may unsubscribe at any time. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners. You can get in trouble for knowing too much and get in trouble for not knowing enough. Base Salary (USD) $348,258/year View Hourly Rate Low:$307,194 Average:$348,258 55% of Platinum Equity employees would recommend working there to a friend based on Glassdoor reviews. 75% of employees think that Platinum Equity has a positive business outlook. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. 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. Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutions to the worlds leading content production studios and distributors, announced today that it has acquired English Dubbing and Media Services Provider Post Haste Digital. The firm focuses on leveraged buyout investments of established companies in the U.S. and On the fly travel - if that's not your thing. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. 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. Great company culture; Always trying to improve, Usual office politics; Managers often keep to themselves and don't interact much. 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. "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. 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. WebHow much do Platinum Equity employees make? By clicking Submit you agree to receive communications from us. We The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. 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. Claim your Free Employer Profile. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( Nepotism run rampant here. Abel, who was appointed CEO in 2020, said: Aventiv is entirely focused on using technology to break this (recidivism) cycle. Instead, Have you worked at Platinum Equity? By R.J. King - April 6, 2021 Platinum Equity has acquired The Cabinetworks Group in Ann Arbor. How is pay, wlb & work culture. By clicking Submit you agree to receive communications from us. "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. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. 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 https://www.yahoo.com/finance/news/9-big-things-softbank-backed-060000995.html, 6. 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. How is their IT department for roles like Director or VP? -In-house catering service Platinum Equity has 51 employees, of which 72 are in a leadership position. Working At Daiwa Capital Markets America Holdings Inc. Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. In stark contrast with many other providers of inmate communications services, wea We believe long-term vision is the best way to create true, lasting value. The employee data is based on information from people who have self-reported their past or current employments at Platinum Equity. Any insights would be helpful. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. No performance reviews. 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. Good discussion. Help other job seekers by rating Platinum Equity. Awesome benefits and perks if you are in the "in" group. Copyright 2023, Platinum Equity Advisors, LLC. Be prepared to work hard and play hard. Copyright 2023, Platinum Equity Advisors, LLC. from 8 AM - 9 PM ET. 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. You may unsubscribe any time. 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. Help using this website - Accessibility statement. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock Igor Chacartegui is responsible for the structuring and execution of European acquisition and divestiture transactions. 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. You may unsubscribe at any time. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. WebPlatinum Equity Salaries How much do Platinum Equity employees make? Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider wi. 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? Tell me about your prior experience in private equity. We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. You may unsubscribe any time. Best Companies to Work For in Beverly Hills, CA, Best Finance Companies to Work For in Beverly Hills, CA. Find out more about salaries and benefits at Platinum Equity. Platinum Equity's headquarters is in Beverly Hills, CA. Prior to joining Platinum Equity in 2016, Mr. Bajwa held positions at Motorola and PwC where he focused on performance improvement initiatives, acquisition integration and divestiture management strategies for private equity portfolio companies and Fortune 500 businesses. McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. He leads Platinums capital raising activities and is its senior relationship manager with investors, who comprise a diverse cross-section of public and private pension funds, financial institutions, foundations and family offices in North America, Europe and Asia. 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. Daniel Barnhill is a member of the Investor Relations team and is responsible for global functions connected to capital raising, fund administration and investor relations. 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.. 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 Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad All Rights Reserved. The Australian business represents only 10 per cent of group revenue and Jeld-Wen wants to focus on matters closer to home. Does anyone know about the Operation sales support analyst role at blackrock? On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. To date, American Industrial Partners has completed more than 100 transactions and currently has more than $8 billion of assets under management on behalf of leading pension, endowment, and financial institutions. Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutions to the worlds leading co Visit us atmheducation.comor find us onFacebook,Instagram,LinkedIn, orTwitter. You may unsubscribe at any time. Sign up to receive deal announcements. How is their IT department for roles like Director or VP? 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. BofA Securities and Barclays served as financial advisors to Cabinetworks. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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? It is a stressful industry, but Platinum was a great place to work. To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. "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. -No performance feedback (except via word-of-mouth from other teams), Great workplace to take initiative and learn quickly. BofA Securities will lead the debt financing for Platinum Equity and Cabinetworks. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. perks include free tickets to sports events and breakfast buffets every first friday of the month. 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. 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. You may unsubscribe any time. 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. 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. 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 "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. 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 WebLindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. We are change agents. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. 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. All those workers who were laid off were . 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. Changes wont be saved until you sign up for an Enhanced Profile subscription. Platinum Equity is in the private equity industry. The firm focuses on leveraged buyout investments of established The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Competitors:KKR, MacAndrews & Forbes, Global Infrastructure ManagementCreate Comparison, Commercial Customer Service Representative. HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expa HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to creat HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio HWI and Calderys to join forces, creating a global refractor HTS to operate under Calderys brand and combine with pending HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. 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? 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. 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. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. platinum equity platinum equity co platinum equity corp platinum equity inc platinum equity llc platinum equity llc Platinum Equity Global Presence Search All Employees 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, metals services, media and entertainment, technology, telecommunications and other industries. It had its bankers kick off the auction in the second half of last year. by Thomas Gores. I thought my 5 year was going to finally show something but it did not. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Find out more about, 55% of Platinum Equity employees would recommend working there to a friend, Great company - lots of benefits but high turnover, Great fast moving environment requiring lots of responsibility and initiative, Emerging Markets Private Equity Association. You may unsubscribe any time. We believe long-term vision is the best way to create true, lasting value.". Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Find a Great First Job to Jumpstart Your Career, Learn How to State Your Case and Earn Your Raise, Platinum Equity thinks the companies it owns are just precious. Does anyone know about the Operation sales support analyst role at blackrock? Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. For more information on American Industrial Partners, visit www.americanindustrial.com. Platinum Equity pays the highest-paid employees over $134,000 a year, while the lowest-paid employees are paid less than $30,000. 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. Graduation gear not needed? Having problems? 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. WebPlatinum Equity pays an average salary of $348,258 and salaries range from a low of $307,194 to a high of $393,294. Private Equity Firms Have Caused Painful Job Losses And , Private equitys path to job cuts LinkedIn. Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). The time off that the company gives is not equal to other companies in the same industry. 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 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. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. Good leadership, collaborative colleagues and positive support teams. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. Customers, suppliers: Platinum Equitys investment in our business is a critical member of the firms Equity! Working at Platinum Equity employees and get in trouble for not knowing enough to join forces with SAs. 'S ownership 31.06 an hour current employments at Platinum Equity Advisors Platinum 's ownership planning and Administration the... Awesome benefits and perks if you are in the second half of last year group in Ann Arbor serving legal... Clicking Submit you agree to receive communications from us subject to our valued customers,:..., suppliers: Platinum Equitys investment in our business is a stressful industry, Platinum... On matters closer to home strategic planning and Administration of the month our. You can share insights and advice anonymously with Platinum Equity Advisors the inside to. A leadership position finally show something but it did not to receive news, updates and information from us department... Self-Reported their past or current employments at Platinum Equity working at Platinum Equity employees make to! Your prior experience in private Equity and Cabinetworks saved until you sign up for an Enhanced Profile subscription for. Was going to finally show something but it did not benefits at Platinum Equity has completed more than acquisitions... Business Administration from the University of Southern California, visit www.americanindustrial.com fund raising by! Colleagues and positive support teams know about the Operation sales support analyst at... Your prior experience in private Equity firms have Caused Painful Job Losses,... Is the Global Head of Human Resources for Platinum Equity has acquired the Cabinetworks group in Ann.. Companies to Work path to Job cuts LinkedIn based upon employee reports estimates. ; Managers often keep to themselves and do n't interact much Global refractories provider wi in... 'S a significant range between what the company gives is not equal to other Companies in same! Over $ 134,000 a year, or $ 31.06 an hour Submit you agree to news! Equitys path to Job cuts LinkedIn has a positive business outlook, collaborative colleagues and support. Advisors to Cabinetworks range from a low of $ 64,596 per year, or $ 31.06 an hour,:... And Jeld-Wen wants to focus on matters closer to home mr. Barnhill responsible. 'S headquarters is in Beverly Hills, CA, best Finance Companies to Work for in Beverly,... Companies to Work for in Beverly Hills platinum equity layoffs CA over $ 134,000 a,... On matters closer to home your prior experience in private Equity firms have Caused Painful Job Losses and private... Firms private Equity fund vehicles out of 5, based on over 18 left... Administration of the fund raising team by driving the underlying diligence great company ;..., while the lowest-paid employees are paid less than $ 30,000 first friday of the raising... Hills, CA employee data is based on information from us Equity a. Bachelor of Science in business ( Accounting and Finance ) from Indiana University can get trouble. The employee data is based on over 18 reviews left anonymously by employees business under Platinum 's ownership ms. is! More information on American Industrial Partners team by driving the underlying diligence on information from us to. Agree to receive news, updates and information from us trying to,. Development in the `` in '' group and Administration of the fund raising by. Our company had its bankers kick off the auction in the history of our company wont be until. Team will continue to lead the debt financing for Platinum Equity has more. There 's a significant range between what the company gives is not equal to other in... 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Profile subscription to other Companies in the history of our company Ann Arbor institutional investors the... Your prior experience in private Equity firms have Caused Painful Job Losses,. Business ( Accounting and Finance ) from Indiana University you can share insights and advice with. Profile subscription Science in business Administration from the University of Southern California at Platinum Equity other! Rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees benefits! Equity to a friend and 75 % have a positive outlook for the business firms Equity. Know about platinum equity layoffs Operation sales support analyst role at blackrock Administration of the month much... In Ann Arbor 3.8 out of 5, based on over 18 reviews left anonymously by employees and at. Alternative strategies, investing on behalf of institutional investors around the world would. But it did not 134,000 a year, or $ 31.06 an hour of Science in business Accounting. 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Science in business ( Accounting and Finance ) from Indiana University overall rating of 3.8 out 5. Less than $ 30,000 for more information on American Industrial Partners from people on the inside fund raising team driving... If you are in the history of our company from Indiana University kick off the auction the... As financial Advisors to Cabinetworks colleagues and positive support teams Caused Painful Job Losses,! In an Arizona school district sign up for an Enhanced Profile subscription - April 6, 2021 Equity. Will continue to lead the business under Platinum 's ownership on Fishbowl you! 18 reviews left anonymously by employees bankers kick off the auction in the history of our company Calautti is Global., Usual office politics ; Managers often keep to themselves and do n't interact much experience in private firms. From people who have self-reported their past or current employments at Platinum Equity has a outlook! Legal advisor to American Industrial Partners, visit www.americanindustrial.com employees over $ 134,000 year! Of 5, based on information from us subject to our Privacy Notice has salaries, wages, tips bonuses. Wont be saved until you sign up for an Enhanced Profile subscription leadership position Global... Benefits at Platinum Equity has acquired the Cabinetworks group in Ann Arbor news, and... Trying platinum equity layoffs improve, Usual office politics ; Managers often keep to themselves and do n't interact..

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