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  6. Platinum Equity Acquires DCA Services

M&A Deal Summary

Platinum Equity Acquires DCA Services

On March 1, 1997, private equity firm Platinum Equity acquired business services company DCA Services from MCI inc.

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Business Services sector.
  • This is Platinum Equity’s 1st transaction in the United States.
  • This is Platinum Equity’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 1997-03-01
Target DCA Services
Sector Business Services
Buyer(s) Platinum Equity
Sellers(s) MCI inc.
Deal Type Divestiture

Target

DCA Services

Norman, Oklahoma, United States
DCA Services is a provider of billing and back office outsourcing solutions for the telecommunications industry. DCA Services offers communications resellers and facilities-based carriers a means by which to process billing in a client/server based service bureau environment. DCA Services was founded in 1987 and is based in Norman, Oklahoma.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 1 of 156
Sector: Business Services M&A 1 of 11
Type: Divestiture M&A Deals 1 of 59
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 121
Year: 1997 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-30 Matrix Telecom

Irving, Texas, United States

Matrix Telecom, Inc. is a provider of business technologies including premier voice, data, and Internet services.

Buy -

Seller(S) 1

SELLER

MCI inc.

Ashburn, Virginia, United States
Category Company
Sector Communications
DESCRIPTION

MCI Inc. is a provider of communications connectivity to businesses, governments and consumers. The Company was formerly known as MCI WorldCom.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-27 MFS Communications Co.

Omaha, Nebraska, United States

MFS Communications Company is a provider of business class telecommunication products including long distance and Internet access through its own fiber rings in major central business districts.

Buy $12.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-08 CompuServe

Columbus, Ohio, United States

CompuServe is a provider of internet connectivity for individuals and businesses. It was formed in 1969 and is based in Columbus, Ohio.

Buy $1.2B
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