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NoneGlobal to join forces with Motors & Armatures; Philip Windham named CEO of growing HVAC/R platform LOS ANGELES , Dec. 6, 2024 /PRNewswire/ -- Platinum Equity announced today a significant investment in Global, the Source ("Global"), a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing LLC. The transaction marks Platinum Equity's second investment in the HVAC/R industry this year. In July, the firm invested in Motors & Armatures Inc. (MARS). Global and MARS, which have a longstanding history, will now join forces, helping strengthen the product and service offerings for both companies. Founded in 1982 and based in Universal City, Texas , Global is a leading master distributor of HVAC/R components such as capacitors, relays, transformers, contactors, disconnects, whips, and more. Global serves HVAC/R wholesalers throughout the United States. The company has vertically integrated design and manufacturing operations, including via its AmRad Manufacturing LLC subsidiary located in Palm Coast, Florida , which proudly manufactures USA -made capacitors and Turbo 200® products. MARS, based in Hauppauge, New York , is a leading distribution platform for HVAC/R parts, supplies and equipment in North America , and has been the exclusive sub-distributor for select Global products since 2012. "The partnership between MARS and Global is a natural one as both companies have worked together for decades," said Global Owner and President Dickie Sirotiak. "The investment from Platinum will allow us to introduce more products to market while continuing to maintain the outstanding service levels that both MARS and Global customers demand." In connection with the Global investment, Platinum Equity announced an integrated leadership structure for the combined platform: "We are thrilled to welcome Global to our growing platform," said Chernoff. "This move brings together two great family-owned businesses and will strengthen our position as a category leader in electronic components for the HVAC/R aftermarket." Chernoff praised Windham as a great fit to lead the combined platform. "Philip brings 25 years of industry experience to the job," said Chernoff. "He is passionate about developing people and building high-performance teams. He has a customer-centric mindset and I'm confident he's the right leader to guide these businesses into their next phase of growth." Windham said he's excited about the new role. "Both the Sirotiak and Chernoff families have built impressive businesses over the past several decades, becoming true leaders in the HVAC/R industry," said Windham. "I am honored to continue their legacies and work with both teams to expand our reach within the industry." Platinum Equity expects to continue pursuing additional opportunities to invest in the industry. "We are optimistic about the prospects for growth in the sector and will work with MARS and Global to add more value for their customers," said Platinum Equity Co-President Jacob Kotzubei and Managing Director Dan Krasner in a joint statement. "We will partner with the leadership team to identify and pursue additional opportunities to diversify and increase scale, both organically and through strategic M&A." Financial terms of the Global investment were not disclosed. O'Melveny & Myers served as legal counsel to Platinum Equity and MARS. About Platinum Equity Founded in 1995 by Tom Gores , Platinum Equity is a global investment firm with more than $48 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. 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. Over the past 28 years Platinum Equity has completed more than 450 acquisitions. Contact : Dan Whelan Platinum Equity dwhelan@platinumequity.com View original content: https://www.prnewswire.com/news-releases/platinum-equity-invests-in-hvacr-distributor-global-the-source-302325210.html SOURCE Platinum Equity
Virginia Union gains 2nd Division II playoff road victory in 2 weeks
St Johnstone will be without a recognised left-back for Saturday’s test at Aberdeen after Andre Raymond was ruled out. The Trinidad & Tobago international has joined Barry Douglas on the sidelines after suffering a foot injury against Rangers in last Sunday’s 1-0 defeat. Raymond soldiered through pain for the entire second half and hoped to gradually recover in time for Pittodrie. However, the 24-year-old will now have the damage monitored with a view to ensuring he’s available for the hectic festive schedule. Boss Simo Valakari reported: “Unfortunately Andre is out; . “He played through it last week and got stitched at half-time, which shows how big a heart he’s got. “We need to let it settle down, see if there’s any more damage and see how he is. “We have a lot of games coming up so . “That means we will have to think of other options and concentrate on who we have for Aberdeen. “We will find a solution for that position. Kyle Cameron played there against St Mirren. “David Keltjens has played there before, we can move Drey Wright to the other side. Or we might go back three with wing-backs – we have options.” Aberdeen’s 2-1 win in Perth back in August marked the start of a stunning streak of Premiership results under new manager Jimmy Thelin. The Dons won 10 and drew one of their first 11, only dropping points at Celtic. They’ve been stalled by defeat at St Mirren and at home to Celtic plus draws against Hibs and Hearts. However, Valakari admits the Swedish coach’s work is an inspiration to him. He said: “Jimmy Thelin is doing a fantastic job. Seeing what he’s done there, taking Aberdeen up to challenge Celtic for the title isn’t easy. “How they’ve competed so far is a huge credit to him and to their club. “They show what is possible when you do things right, do them your way and get everyone pushing behind you. “Scottish football isn’t an easy league. But he’s shown, even in a short space of time, you can take big steps. “I have found it fascinating to watch. It gives me motivation because it shows what you can do. “It will be difficult for us going there and I’ve told the players our concentration has to be perfect. “Because if you think for a moment you’re okay, .”Aspirations unboundPresident-elect Donald Trump will be inaugurated on Monday, Jan. 20 — an event that’s been in the works since before voters even filled out their ballots. Trump’s swearing-in is slated to take place on the West Front of the U.S. Capitol. The inauguration is put on by the Joint Congressional Committee on Inaugural Ceremonies , a bipartisan group tasked with planning and executing the inauguration. But the Presidential Inaugural Committee , formed after the November election, is responsible for the parade, galas and other events inauguration events not held at the Capitol. While the inauguration is open to the public, tickets are required to attend. And for that, those interested in attending the swearing-in of Trump and his vice president, Ohio Sen. JD Vance, will need to turn to their U.S. senator or congressional representative. Many elected officials, including California Sen. Alex Padilla, already have forms on their official websites for those who wish to attend. Those interested must include their name, address, email, phone number and the amount of tickets requested. Padilla’s office said it “will offer a limited number of tickets when those become available.” Californians can also request tickets from their congressional representative, many who have similar forms on their respective government websites as well as other information about the tickets. Rep. Young Kim, for instance, noted on her website that tickets just provide access to the swearing-in ceremonies. Tickets to balls and the parade are handled by the Presidential Inaugural Committee, her website said. No tickets are needed to view the inaugural parade from open locations along the route. Tickets to the swearing-in are limited, it said, and those who do not receive tickets could still watch the proceedings played on monitors along the National Mall. “January is historically cold and wet. Crowds will be very large, and you will be in the cold for several hours during the inauguration ceremony,” Kim’s website advised. “Be prepared to arrive for the ceremony early to take into consideration delays due to the large crowds.” Kim represents California’s 40th congressional district, which includes western San Bernardino and Riverside counties and eastern Orange County. Local or state Republican parties do not distribute tickets to the inauguration. Related Articles
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PLAINS, Ga. - Jimmy Carter , the 39th president of the United States who was known for his enduring commitment to philanthropy and humanitarian work, died on Dec. 29, 2024, just short of two years in at-home hospice care. He was 100 years old. The Carter Center confirmed his death, saying he died peacefully at his home in Plains, surrounded by his family. He was the longest-lived president in U.S. history. Carter's last public appearance was at his late wife Rosalynn Carter's funeral on Nov. 29, 2023. He was also briefly seen watching a U.S. Navy flyover with F-18s and World War II planes on his 100th birthday. FOX 5 Atlanta has made the decision not to show a close-up photo of former President Jimmy Carter out of respect. Related: Jimmy Carter covered by blanket paying tribute to Rosalynn Carter during Atlanta service James Earl Carter was born in Plains, Georgia, on October 1, 1924, into a family of peanut farmers. There, in the peanut capital of the world, the Carter family’s Baptist roots ran deep. Jimmy, as he liked to be called, was fond of the family business. But he grew to love the life of public service even more. Jimmy Carter on his peanut farm, Plains, Georgia, 1976. (Photo by PhotoQuest/Getty Images) (Getty Images) In his early years, Carter attended Georgia Southwestern College, Georgia Tech and the U.S. Naval Academy. He went on to serve overseas. Jimmy Carter (Photo by Library of Congress/Corbis/VCG via Getty Images) He married Rosalynn Smith , and they had three sons and a daughter. Jimmy Carter and Rosalynn Carter attend Former Governor of Georgia Jimmy Carter's fundraiser for his 1976 Presidential run. (Rick Diamond/Getty Images) (Getty Images) After his father died in 1953, Jimmy Carter returned to Plains to take over the family farming supply business. While home, he became involved in community affairs, serving on the county school board, the hospital board and Georgia Planning Association. In 1962, amid the growing civil-rights movement, Carter was elected to the Georgia Senate. From there, it was on to a gubernatorial campaign in 1966. That attempt failed. But in 1971, Jimmy Carter became Georgia’s 76th governor. "I want to do a good job as governor, and I will do my best," he said at the time. From there, his political career flourished. In 1974, then-Gov. Carter announced his run for president. He won the Democratic Party nomination at the 1976 convention on the first ballot. On Nov. 2, 1976, Jimmy Carter, campaigning as a Washington outsider, defeated Republican incumbent Gerald Ford and won the White House. Democrat Jimmy Carter is sworn in by chief justice Earl Burger as the 39th president of the United States while first lady Rosalynn looks on, Washington DC, January 20, 1977. (Photo by Hulton Archive/Getty Images) (Getty Images) President Carter served one term, from 1977 to 1981. There were some monumental highs during his time in office, such as the brokering of the Camp David accord between Egypt and Israel. "I kept Sadat in one cabin, Menachem Begin in another cabin, and I went back and forth between them ... to try to bring some resolution to the issues that divided the Israelis and Egyptians," Carter said. But his years in office were also beset by the energy crisis, inflation, high interest rates and the infamous "444 days" of the American hostage crisis in Iran. All the hostages were released on Carter’s last day as president, just as Ronald Reagan took office. After losing his bid for re-election, President Carter continued to champion human rights throughout the world. He founded The Carter Center in Atlanta to promote global health, democracy and human rights. "I wanted to figure out a way to do this, and The Carter Center was born from the answer to that question," he said. (Original Caption) 3/24/1979-Elk City, Okla.: Closeup of President Jimmy Carter, addressing a town meeting. American flag in background. After his presidency, Carter also became a strong advocate of Habitat for Humanity, solidifying his legacy as one of the country’s most productive former presidents. Over the years, he wrote more than two dozen books and continued efforts to promote worldwide peace by monitoring international elections and establishing various relief efforts. In 2015 came shattering news about his health. Carter candidly announced that he was battling liver and brain cancer. "Now I feel it’s in the hands of God, who I worship, and I’ll be prepared for anything that comes," he said. Extensive treatment followed, yet that did not stop Carter from doing what he did best: serving the people. He continued to lead Sunday School classes at Maranatha Baptist Church in Plains and to help build Habitat for Humanity houses for those in need. Carter received many honors throughout his life. At the 2000 Democratic Convention, delegates rose to their feet in his honor. The USS Jimmy Carter, a nuclear-powered fast-attack submarine, was added to the Navy fleet. Jimmy Carter and Rosalynn watch an Atlanta Falcons game at Mercedes-Benz Stadium. (Scott Cunningham/Getty Images) (Getty Images) But, it was President Carter himself who said that his highest recognition came in 2002, when he was awarded the Nobel Peace Prize. "It is with a deep sense of gratitude I accept this prize." James Earl Carter considered life itself a prize and said he cherished every moment: "I’ve had a wonderful life. I’ve had thousands of friends, and I’ve had an adventurous and satisfying and gratifying existence." The public can share condolences on Jimmy Carter's official tribute website . The site has an online condolence book as well as print and visual biographical materials commemorating his life. The Carter family has asked that in lieu of flowers, donations be made to The Carter Center, 453 John Lewis Freedom Parkway N.E., Atlanta, GA 30307.
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