Beverly Hills-based private equity investment firm Platinum Equity has made an investment in precision sheet metal contract manufacturing company Tongrun International. “Partnering with Platinum Equity represents an exciting opportunity to double down on our accelerating growth trajectory through a strong, collaborative relationship,” said Strieby, in a statement. Founded in 1995 by Tom Gores, Platinum Equity specializes in mergers, acquisitions and operations. “Tongrun sits at the center of several powerful long-term trends, especially the unprecedented investment in data centers and AI infrastructure,” said Platinum Equity co-president Jacob Kotzubei, in a statement. “Its ability to pair front-end design and prototyping with highly scalable domestic and international manufacturing makes the company an essential partner to the world’s most sophisticated OEMs.”AdvertisementInformation for this article was sourced from Platinum Equity.

Source: Los Angeles Times February 03, 2026 21:32 UTC