Announcements

At Platinum, we value keeping our clients and followers up to date with the latest from our company, our members and partners, and other noteworthy news. The Announcements feature our newest team members, recent acquisitions, and company milestones. The archives tell an ongoing story, and show how we continue to grow and evolve as a company.

Minneapolis, Minn. – Business leaders from across Minnesota gathered on Wednesday, May 18, to honor three companies with the 2011 Minnesota Business Ethics Award (MBEA). The MBEA recognizes Minnesota businesses that have exemplified and promoted ethical conduct for the benefit of the workplace,...

EDEN PRAIRIE, Minn. (May 10, 2011) — Turnaround firm Platinum Group today announced that its private equity fund has acquired the assets of Nordquist Sign Company, Inc., which has designed, fabricated and serviced signage for businesses and institutions since 1904. Terms were not disclosed....

Eden Prairie, Minn. (March 8, 2011) — Platinum Group announces the addition of Mark Hoiland as a member. Previously, he had been an associate of the firm. His role includes advising business owners about real estate financing and lender negotiations. He also...

Eden Prairie, Minn. (July 8, 2010) — Platinum Group, a transition management firm, announces the addition of Bruce Baumgarn as member. Previously, he had been a client and associate of the firm. His role is to help guide and provide due diligence for the firm’s...

Eden Prairie, Minn. (May 4, 2010) — Platinum Group, a transition management firm, announces the addition of John Hehre as a member. He will take senior leadership roles in privately held companies that are in a critical transition and provide expertise in...

EDEN PRAIRIE, Minn. (April 15, 2010) — Darin Lynch, a Platinum Group member and CEO of Platinum’s Irish Titan, was honored last month as one of the Minneapolis-St. Paul Business Journal’s "40 Under 40" for his leadership, career and achievements to date. The...

EDEN PRAIRIE, Minn. (March 23, 2010) — Platinum Group today announced that its private equity fund has acquired the assets of Tiziani Golf Car of Minnesota, LLC and the exclusive distribution rights that cover eastern Minnesota and western Wisconsin.

EDEN PRAIRIE, Minn. (October 30, 2009) — Platinum Group today announced that its private equity fund has acquired the assets of G.C. Peterson Machinery Company. The 80-year-old company distributes and services many brands of woodworking and plastics equipment for cabinet shops, technical...

EDEN PRAIRIE, Minn. (September 17, 2009) — Platinum Group today announced that its management consulting business, Platinum Management, LLC, acquired Irish Titan, an online technology firm with proprietary e-Commerce platform based in Minneapolis.

Eden Prairie, Minn. (September 1, 2009) — Platinum Group, a transition management firm, announces the addition of Darin Lynch as a member. He will take CIO and senior leadership roles in privately held companies that are in a critical transition and provide...

Eden Prairie, Minn. (January 13, 2009) — Platinum Group announces that Tom Ahonen has been selected to become a partner. He has worked full time as a member of the transition management firm since 2007.

Ahonen has two ongoing roles in the firm. First,...

MINNEAPOLIS, Oct. 6, 2008 — The Upper Midwest Chapter of the Turnaround Management Association (UMTMA) today announced that it awarded the 2008 Transaction of the Year award to Platinum Group for its work as chief restructuring officer in the reorganization and sale of Minneapolis-based...

EDEN PRAIRIE, Minn. (April 30, 2008) — Platinum Group today announced the third investment in its private equity fund, which acquired the assets of two strategically linked companies: Oakdale-based Lawrence Mapping and Graphics, Inc. and St. Louis Park-based King Enterprise Solutions, Inc...

Second acquisition this year is another way for interim management and consulting firm to help business owners’ objectives

EDEN PRAIRIE, Minn. (August 9, 2006) — Platinum Group today announced its acquisition of St. Paul-based Law Enforcement Targets, Inc., a privately held,...

Platinum Group plans to acquire other private companies that require turnaround capital and management expertise

EDEN PRAIRIE, Minn. (June 21, 2006) — Platinum Group today announced its acquisition of Eden Prairie-based Elvin Safety Supply, Inc., a 70-year-old, family owned...

Announcements

Events

A monthly transition story and roundtable discussion for successful business owners pursuing next steps in their businesses and lives.

Featured topic for March: Two Options for Finding Successors

Over 18,000 family or closely held business owners in Minnesota will come to a realization in 2012 that it’s time to turn the reins of leadership and ownership, over to someone else. Where will today’s owners find the right person or team to make this transition possible? Our experience shows that succession can easily take five years or longer to envision, plan, select, develop and implement. And a lot can change over five years.

Join us March 13th to learn more about family and privately held succession plans. Using real case studies presented by Transition Resource Group members we will look at options for finding successors for your business.

With real situations as the catalyst, we expect lively questions and dialog around why and how these succession plans developed and were successful.

Our Transition Forum is confidential with voluntary participation. There is no obligation or cost beyond your breakfast each month. Trusted advisors are welcome when accompanied by a client or business owner approaching transition . . . someone who has moved from dreaming to worrying about how to step into real transition. Owners – bring your transition advisor!

The Transition Breakfast Series will be held at 8000 Norman Drive, Bloomington in the 2nd floor conference room (watch for Platinum signs). The event begins at 7:30 a.m.

Cost is $25 in advance or $30 payable at the door. Please e-mail Donna Gray with questions, or if you are unable to attend after registering. We hope you will join other business owners in learning from shared transition experiences.

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