Tuesday, February 23, 2010
Platinum Equity Merges Two Portfolio Firms
Los Angeles-based private equity firm Platinum Equity said Tuesday that it is merging two of its portfolio firms, Pomeroy IT Solutions Inc. and OAO Technology Solutions. Platinum acquired Pomeroy in November of 2009, and acquired OAO Technology Solutions in January of 2010. The firm said the combination will increase the scale and reach of its offerings. The new business will be headquartered out of Pomeroy's existing facilities in Kentucky. Pomeroy and OAO Technology Solutions both provide managed IT and related services.