Dykema Aids Platinum Equity In Diversified Machine Buy

Law360, New York (December 16, 2011, 5:31 PM EST) -- The Carlyle Group LP has sold Diversified Machine Inc. to Platinum Equity LLC for an undisclosed amount, Carlyle said Friday, capping a turnaround that began in 2005 when it bought the chassis and powertrain component maker out of bankruptcy.

Wixom, Mich.-based DMI, whose customers include major automotive manufacturers and suppliers, was named UniBoring Company Inc. when a group of investors led by Carlyle bought it in a bankruptcy asset sale in November 2005.

The Washington-based Carlyle renamed the company and installed former Ford Motor Co. and...
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