Platinum Equity Detroit Pistons Securing the Future with Tom Gores

Tom Gores, the owner of the Detroit Pistons, is a key figure in securing the team's future through Platinum Equity. He is a seasoned entrepreneur and investor who has a proven track record of success.

Platinum Equity, the private equity firm led by Tom Gores, has been instrumental in shaping the Pistons' business strategy. Founded in 1995, Platinum Equity has a diverse portfolio of companies across various industries.

The Pistons' ownership group has made significant investments in the team's infrastructure, including the renovation of Little Caesars Arena, their home stadium. This investment has helped to enhance the fan experience and increase revenue for the team.

Under Tom Gores' leadership, the Pistons have become a model for community engagement and philanthropy, with a strong focus on giving back to the city of Detroit.

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Tom Gores is the owner of the Detroit Pistons, having bought the remaining 49% stake from his firm Platinum Equity.

He has had full control of the team's operation since becoming majority owner in 2011, despite the minority stake still existing.

Gores is also the founder, chairman, and CEO of Platinum Equity, which he founded.

He has put up the capital to buy out the fund and now owns 100% of the team, proving his long-term commitment to the franchise.

Gores grew up in the Flint area and graduated from Michigan State University.

Tom Gores chose Securus as the company to acquire, which was a significant move in his business career.

Securus Technologies is a leading provider of civil and criminal justice technology solutions.

Tom Gores' investment in Securus has enabled the company to expand its services and improve its technology.

Securus Technologies offers a range of services, including video visitation, phone services, and data analytics for corrections facilities.

Tom Gores has bought the remaining 49% stake in the Detroit Pistons from his firm Platinum Equity.

He now owns 100% of the team, a change that won't affect his control but solidifies his long-term commitment to the franchise.

Gores, the founder, chairman and CEO of Platinum Equity, has had full control of the Pistons since becoming majority owner in 2011.

This transaction gives him 100% of the equity, which is important for his long-term commitment to the franchise.

The deal was in the works for some time and was necessary because of the finite lifecycle of the private equity fund that originally invested in the team.

Gores paid $325 million for the team in 2011 and now owns it outright.

The Detroit Pistons have made some exciting developments in their new home at Little Caesars Arena. The Pistons' new floor at Little Caesars Arena will feature the Platinum Equity logo prominently displayed.

Platinum Equity has become a major corporate sponsor of the Pistons, joining a growing list of companies that have partnered with the team. This partnership includes representation of the Platinum Equity logo on the basketball court and presence across Detroit Pistons social media platforms.

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The Pistons had a competitive bidding process for corporate sponsors, with several large players vying for presence in the new arena. In the end, Platinum Equity stepped up with the highest bid.

Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of over 30 operating companies that generates $22 billion in revenue. This makes them a significant player in the global business world.

The Platinum Equity logo will be displayed in two locations on each side of the half court line, providing maximum visibility to fans inside the arena and exposure to viewers during local, national and international television broadcasts.