Platinum Equity has pragmatically procured a plethora of portfolio companies. 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 and customer bases, and most importantly, recurring revenues. Platinum Equity also looks for acquisitions as strategic add-ons to its portfolio companies, which have operations worldwide. It has offices in Boston, Los Angeles, New York, and London. Founder Tom Gores established Platinum Equity in 1995.
The company is headquartered in Los Angeles and has regional offices in New York, Boston, and London.
Platinum Equity has made approximately 175 acquisitions since its founding. Its current portfolio includes holdings in about 30 companies. It focuses on such sectors as manufacturing, distribution, technology services, and communications.
In 2015 Platinum Equity acquired US-based building products firm PrimeSource from Japan's ITOCHU.
In 2016 it acquired food ingredients distributor JM Swank from ConAgra Foods.