How Does Tom Gores Do it?

Most of the news about Tom Gores has to do with the Detroit Pistons, so it’s always great to hear some business news about him and Platinum Equity.

“This is a good story for Michigan,” Remenar said. “It’s a good story for Michigan, Platinum Equity taking two businesses in need of growth capital and providing it, to create a stronger, more capable auto supplier.”

Tom Gores

Tom Gores’ auto parts strategy.

Platinum’s Automotive Parts Industry Growth Strategy

Platinum created a new entity, Chassix, with $1.2 billion in annual revenues, on Tuesday by merging “two auto parts firms with 10 plants and more than 1,200 workers in Michigan.” Diversified Machine of Wixom was acquired in December 2011 and SMW Automotive of Troy a month later.

Platinum is expected to invest about 70 million dollars in the new entity for modernization and expansion.

One Response to Tom Gores’s Auto Parts Growth Strategy

Leave a Reply to Jeff Cancel reply

Your email address will not be published. Required fields are marked *

Your First 100 Million

I am ready to build something great. Where do I start? Right here.

Your First Million

Not ready yet for the big leagues? Then go work on your first million instead. Click here.

Send Me More Info

Tell me more about how I can grow my business faster with acquisitions and the occasional special offers.

Click here.

Categories

Protected by Copyscape Duplicate Content Check