Among the HUMMER community, it’s safe to say that all things being equal, they would prefer ownership of the HUMMER brand to remain in the United States. That outcome may be possible now that Bloomberg is reporting the private equity group interested in HUMMER is U.S. based Platinum Equity.
Platinum Equity is run by Michigan native Tom Gores – and here’s a little background on the company’s acquisitions:
“The majority of the Company’s client lineup is the result of acquisitions made with blue chip corporations including Ryerson, General Electric, Hays Plc, Weyerhaeuser, Cardinal Health, Textron, TUI AG, CompuCom, Alcatel, Kemper Services, Motorola, Lucent Technologies, Fujitsu, AT&T and IBM. Since its founding in 1995, Platinum Equity’s growth has been fueled by the organic growth and increased value within each operation, and strategic acquisitions that provide additional customers, employees and services.”
While the news is exciting for HUMMER fans in the U.S., it should also have international communities buzzing due to Platinum’s proven success.