Platinum Equity has acquired a majority interest in Caterpillar Logistics Services. Caterpillar will retain a 35 percent equity stake in the business. The transaction is valued at approximately $750 million. Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. PRESS RELEASE Caterpillar Inc. CAT [...]

Crystal Financial has served as the co-arranger on a $165-million, senior-secured term loan facility to MegaPath, a portfolio company of Platinum Equity. The proceeds of the loan were used to refinance existing debt. MegaPath is a provider of bundled managed services and IP broadband access solutions for small- to medium-sized businesses. PRESS RELEASE Crystal Financial [...]

Publishing software business Quark has acquired Mobile IQ, creators of PressRunTM, a cloud-based digital publishing solution. Quark was acquired by Platinum Equity in August 2011 and has been working with Platinum’s M&A team to identify and pursue growth opportunities. PRESS RELEASE Quark announced today its acquisition of Mobile IQ, creators of PressRunTM, the cloud-based digital [...]

The Florida State Board of Administration made its first set of private equity commitments under Trent Webster, its new senior investment officer for private equity and his deputy, John Bradley.

So, you wanna run a pro sports team, huh? These days, it takes more than a pom-pom and a billion dollars. Leagues that oversee the teams have big demands for would-be buyers.

Platinum Equity, the L.A.-based private equity firm, is buying medical imaging equipment seller and distributor DMS Health Technologies from its parent company, Otter Tail Corporation. Terms of the deal aren’t being disclosed. DMS is a distributor of Philips Healthcare diagnostic imaging equipment and patient monitoring equipment in the upper Midwest; sells supplies and accessories, and reconditioned [...]

Platinum Equity has completed the sale of 3B to Binani Industries Limited. Headquartered in Battice, Belgium, 3B produces fiberglass composite materials and is a supplier to the automotive, wind energy and other industries. With the sale of 3B, Platinum has completed five divestitures in the last four months – Canvas Systems in January 2012, The [...]

Platinum Equity has sold Canvas Systems, a supplier of IT hardware and services, to publicly traded Avnet Inc. Terms were not released. Platinum acquired controlling interest in Canvas in 2009 from OHC. OHC retained a minority interest in Canvas, which it also sold as a part of the deal.

Keen Transport Inc., the Pennsylvania-based logistics and transportation services provider for heavy equipment businesses, has been acquired by Platinum Equity. Specifics of the deal were not disclosed; M&T Investment Banking Group was the adviser to the Keen family for the deal.

The Carlyle Group is exiting its investment in auto parts supplier Diversified Machine Inc., selling the company to Platinum Equity, Reuters reported Friday. Terms of the deal were not released. Previous estimates put the value of Diversified Machine at more than $400 million, Reuters wrote.