Deal could value company at as much as $3.5 billion
Cabinetworks Group
Cabinetworks brands include Merillat cabinets, along with several other name brands.
Tom Gores private equity firm Platinum Equity announced Monday it signed a definitive agreement to acquire Ann Arbor-based Cabinetworks Group, the nation s largest kitchen and bath cabinet maker.
Platinum will acquire the building products company from New York private equity firm American Industrial Partners and other smaller equity holders for an undisclosed sum. Bloomberg reported earlier this year that the company was valued at $3.5 billion.
The deal is expected to close in the second quarter of this year.
Detroit Pistons owner Tom Gores speaks about controversy over Securus
Kelly Schaeffer worries there might come a time when she can t afford to talk to her teenage son in jail.
The 44-year-old mother estimates she spends $100 a month for her son to call her every other day from the Muskegon County Jail, which contracts with Securus Technologies to provide telecommunication services. Schaeffer says these conversations are central to maintaining their connection as her son serves a year-long jail sentence.
Schaeffer was laid off and out of work for most of the pandemic and managed the cost of calls on her husband s salary. But at $3.15 for a 15-minute call, plus fees to add money to her prepaid account and to accept collect calls from time to time, the charges add up fast. Schaeffer said she recently found a job, but money is still tight.
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Sunshine Coast students woke up on Saturday to check their ATAR results, and after a year of challenges, it was clear their hard work has paid off.
The 2020 cohort of Year 12s were the first in Queensland to navigate the new ATAR system, which, and several Coast schools recorded impressive individual and group results.
The
Daily asked some of the brightest students across from the Coast how it felt to receive their results and what their plans are for the future, now that high school is behind them.
In no particular order, here are some of students who achieved the highest ATARs in the region.
there is an exemption from those contraceptive rules for religious organizations. the only thing that counts in this definition is what you do inside the four walls of your church or your synagogue or your mosque or whatever. reporter: which would mean catholic charities, catholic university of america and d.c. s archbishop wouldn t be covered by the exemption. they ve joined the lawsuit. mother teresa would not qualify as a religious worker when she s out feeding the poor. reporter: the president offered a compromise earlier this year saying insurance companies, not the religious institutions, would pay for the controversial coverage. we ve been mindful there s another principle of stake here and that s the principle of religious liberty, an enal nab right in our enallable right in our constitution. reporter: ward was angry that kathleen was invited to give a graduation speech. her speech was disrupted by a heckler. she is a named defendant in the new lawsuits.
i know tom gore, and he s a standup guy that has done a lot on behalf of the city and on behalf of children. others were surprised by charges, a straight shooter, according to everybody we talked with today. we haven t been able to reach thomas gore by telephone. people are stunned by all of this. they say he s a good guy. they helped establish disadvantaged youth. he grew up in foster care. bruce johnson, 9news now. sources tell 9news now, other plea deals are in the works. d.c. councilman and former mayor, marion barry is out of the hospital in las vegas. he was admitted to get treatment for blood clots. barry announced on twitter that a clot formed while he was waiting on a plane in memphis. his chief of staff is expected to make a full recovery. # wants you to know about the problem of teenage drinks and in court today, it was the owner of a local store we had caught on camera selling teenagers alcohol. richard kim owns town square market in northwest and he s o