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Global 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
Angel Oak Financial Strategies Income Term Trust Declares December 2024 DistributionFreshman wide receiver George Dimopoulos threw a 25-yard touchdown pass to Dane Pardridge on the first play of the second overtime to lift Northern Illinois to a 28-20 victory over Fresno State in the Famous Idaho Potato Bowl Monday afternoon in Boise, Idaho. The Huskies disguised the game-winning play as a jet sweep, but Dimopoulos pulled up and found Pardridge behind the defense for the winning score. Dimopoulos followed up his first career pass with a two-point conversion toss to quarterback Josh Holst to give the Huskies (8-5) bowl wins in back-to-back seasons for the first time since 2010-11. Holst, a redshirt freshman walk-on making his third career start because regular-season starter Ethan Hampton transferred to Illinois, completed 18 of 30 passes for 182 yards and two touchdowns. He also rushed for a team-high 65 yards. Sophomore Joshua Wood came off the bench to complete 16 of 23 passes for 180 yards and one touchdown for Fresno State (6-7), which saw its five-bowl winning streak come to a close. Bryson Donelson scored two touchdowns and rushed for 82 yards while Mac Dalena made six catches for 118 yards. With Fresno State quarterback Mikey Keene -- the Mountain West's leader in passing yards --announcing his transfer to Michigan earlier Monday, redshirt freshman Jayden Mandal made his first start for Fresno State. On Northern Illinois' first play from scrimmage, Holst's rollout pass sailed over his intended receiver. Safety Jayden Davis picked it off and returned it 26 yards to the Huskies' 25. Mandal led a quick drive that Donelson capped with a 1-yard blast for a 6-0 lead at 11:29 of the first. After Kanon Woodill booted a 29-yard field goal to make it 6-3, Fresno State interim head coach Tim Skipper gave Wood the controls for the Bulldogs' next drive -- and he needed just four plays to go 90 yards for a score. He hooked up with Dalena for a 54-yard bomb before taking a keeper untouched up the middle for a 13-yard score and a 13-3 lead. NIU took the first possession of the second half 76 yards for a score. Tight end Grayson Barnes leaped between two Bulldogs and snagged Holst's 26-yard lob with his right hand to cut the deficit to 13-10 with 11:22 left in the third. On Fresno State's next possession, Nate Valcarcel intercepted Mandal at NIU's 38 to set up Woodill's 34-yard field goal that made it 13-13 at 7:39 of the third. That was the last score until overtime, as Woodill missed a go-ahead 35-yard field goal with 3:02 left and the Bulldogs' Dylan Lynch missed a 35-yarder on the final play of regulation. Fresno State opened overtime with Wood's 9-yard touchdown pass to the uncovered Donelson to give the Bulldogs a 20-13 margin. Holst answered with a 3-yard touchdown lob to Barnes. --Field Level Media
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Olivia Olson scored 18 points, including eight straight to open the fourth quarter, as the No. 23 Michigan Wolverines survived a 60-54 scare from the Northwestern Wildcats in the Big Ten opener for each team in Ann Arbor, Mich. Northwestern (4-4, 0-1 Big Ten) led throughout the third quarter and took a four-point lead into the fourth, but Olson capped her 8-0 burst with a 3-pointer, and Syla Swords also nailed a trey to put the Wolverines (8-1, 1-0) ahead 50-44. Michigan has won eight straight games since opening the season with a six-point loss to then-No. 1 South Carolina. Caileigh Walsh's 3-pointer put the Wildcats back in front 53-52 with 3:36 to go. Michigan responded by scoring eight of the game's last nine points, six by Jordan Hobbs. Hobbs finished with 16 points and teammate Mila Holloway had 10. Kyla Jones led Northwestern with 14 points and Walsh notched 10 before fouling out. No. 4 Texas 93, James Madison 62 Madison Booker, Jordan Lee and Rori Harmon dominated the first half as the Longhorns clobbered the host Dukes in Harrisonburg, Va. Booker scored 21 points, Lee added 20 and Harmon 19 by combining on 25-of-33 shooting. They had 49 of their points in the first half as Texas (7-1) piled up a 58-29 halftime lead. The Longhorns, who entered seventh in the nation in scoring at 90 points per game, shot 54 percent for the game to 40 percent for the Dukes. Roshala Scott led James Madison (7-3) with 22 points and Peyton McDaniel and Ashanti Barnes had 12 apiece. McDaniel added eight rebounds for the Dukes, who had 24 turnovers. No. 10 Notre Dame 93, Syracuse 62 The Fighting Irish pulled away from a seven-point halftime lead to demolish the host Orange in the ACC opener for both schools. The trio of Sonia Citron, Hannah Hidalgo and Olivia Miles led Notre Dame's win with double-doubles. Citron had 25 points and 11 rebounds, Hidalgo racked up 24 and 10, respectively, and Miles shone with 20 points, 10 rebounds and eight assists. Hidalgo, third in Division I in scoring (24.6 ppg), netted nine points and Citron had eight in the third quarter, as Notre Dame (7-2, 1-0 ACC) outscored Syracuse (4-6, 0-1) 29-13 to pull away. Keira Scott posted 16 points and Sophie Burrows tacked on 13 for the Orange, who shot only 32.5 percent. The Irish shot 50 percent and thrived despite 20 turnovers. No. 16 North Carolina 72, Coppin State 46 The Tar Heels built a comfortable halftime lead and used its bench players freely in devouring the Eagles in Chapel Hill, N.C. North Carolina (9-1) entered second-best in the nation in scoring defense at 49.1 points per game and excelled again, holding Coppin State to 27.3 percent shooting. Meanwhile, the Tar Heels shot 44.4 percent while having 12 players enter the scoring column, led by Maria Gakdeng's 10 points on 5-of-6 shooting. Reniya Kelly scored six of her eight points in the first quarter as North Carolina took a 23-13 lead. The Tar Heels grew the lead to 46-27 by intermission. Tiffany Hammond and Angel Jones scored 12 points apiece for Coppin State (6-5), and Laila Lawrence added 10 points with 10 rebounds. No. 18 Ole Miss 85, Tennessee State 38 The Rebels had more points by halftime than the Lady Tigers scored in the game after jumping out to a 14-2 lead in the first quarter and 44-19 by intermission. Kennedy Todd-Williams led Ole Miss (6-3) with 15 points and seven rebounds, and Sira Thienou added 12 and six, respectively. The Rebels shot 46 percent for the game. Ole Miss began the day seventh in the nation in scoring defense at 49.8 points allowed per game, and it punished Tennessee State to the tune of 23.6 percent shooting and 22 forced turnovers. XaiOnna Whitfield led the Lady Tigers (4-6) with 10 points. No. 20 Iowa State 82, Central Michigan 56 Audi Crooks scored 19 points on 9-of-12 shooting and added 10 rebounds as the Cyclones slammed the Chippewas in Ames, Iowa. Emily Ryan netted 10 of her 12 points in the first quarter and Crooks scored nine in the period as Iowa State (8-2) jumped out to a 31-13 lead and enjoyed a cushion of at least 18 points the rest of the way. Addy Brown added 18 points for the Cyclones, who shot 52.5 percent and rolled despite having 20 turnovers. Jayda Mosley led Central Michigan (3-6) with 11 points and Madi Morson and Ayanna-Sarai Darrington added 10 apiece. The Chippewas shot only 33.3 percent from the floor and had 26 turnovers. No. 24 Michigan State 89, DePaul 61 The unbeaten Spartans put four scorers in double figures as they systematically disposed of the Blue Demons in East Lansing, Mich. Jaddan Simmons finished with 18 points, five rebounds and five assists, and Julia Ayrault stuffed the stat sheet with 17 points, 12 rebounds, five assists and three steals for Michigan State (9-0). Emma Shumate and Jocelyn Tate had 12 and 10 points, respectively. Jorie Allen put up 15 points, 11 boards, seven assists and three steals and Grace Carstensen also notched 15 points for DePaul (3-7), which shot just 28.8 percent despite hitting 9 of 18 of its 3-point attempts. The Spartans led by seven after one quarter and 17 at halftime before coasting through the second half. No. 25 Nebraska 84, Minnesota 65 Strong first quarters by Callin Hake and Amiah Hargrove sent the Cornhuskers on their way to pinning the first loss on the Golden Gophers in the Big Ten Conference opener for each team. Hake scored eight of her 11 points in the first period and Hargrove eight of her 10 as Nebraska (8-1, 1-0 Big Ten) seized a 27-11 lead and never looked back. Hargrove scored eight of the Cornhuskers' 10 straight points to end the quarter. Alberte Rimdal led the winners with 12 points and Alexis Markowski added 11 with nine rebounds. Mallory Heyer collected 12 points and eight rebounds for Minnesota (10-1, 0-1). Tori McKinney scored 11 points and Grace Crocholski and Alexsia Rose 10 apiece, but the Golden Gophers hit just 35.2 percent of their shots. --Field Level Media
GREENSBORO, N.C. (AP) — Ryan Forrest's 30 points led N.C. A&T over North Carolina Central 85-72 on Saturday. Forrest shot 12 of 18 from the field, including 2 for 4 from 3-point range, and went 4 for 7 from the line for the Aggies (4-10). Landon Glasper scored 25 points while going 7 of 17 from the floor, including 5 for 12 from 3-point range, and 6 for 6 from the line. Jahnathan Lamothe went 3 of 7 from the field (1 for 4 from 3-point range) to finish with nine points, while adding eight rebounds. The Aggies stopped an eight-game skid with the win. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Artists with a powerful and much-loved Saanich program are building a tradition in its Victoria gallery, inviting collectors and newcomers alike to its ArtWorks holiday opening. For years the program, run by the Garth Homer Society, showcased works on the halls of its Darwin Avenue site. In 2021 the organization quietly opened ArtWorks – a studio and gallery home to 16 artists at 2-1950 Government St. “Now that we have a location downtown, we’re starting to do more and more art shows like we have in the past,” society CEO Geoffrey Ewert told Victoria News. Garth Homer supports individuals with diverse needs in a variety of areas with a focus on community inclusion, services for people who are aging, employment and residential. “ArtWorks is huge. It’s one of our most high-demand programs in the south Island and I think one of the reasons it’s so important is it recognizes the people in the program as artists first and not as supported individuals,” Ewart said. “None of us like to be categorized in a way that is not about who we feel we are.” The site in the downtown arts district proved popular almost immediately upon opening in 2021. While health concerns at the time kept things low-key, the site quickly developed a following, selling an item almost immediately to a passerby. Sold through the window, it was the start of recognition both locally and globally, Ewart said. “We’ve got a number of collectors of the artwork that the artists do.” Many will likely be on hand as artists offer demonstrations, works for sale and a silent auction during the annual Paint the Halls event on Dec. 5 from 5 to 8 p.m. at ArtWorks Gallery, 2-1950 Government St. “It’s really looking to get the artwork out there and seen. I think a lot of the time people would see artwork in a gallery or an art show but don’t know it’s coming from our ArtWorks program,” he said. “This is our invitation to come in and get to know us ... but also just a great social event.”