Deals
NBA Pistons Owner Under Fire for Deal on Inmate Phone Service
- Platinum Equity founded by Detroit team owner in deal for firm
- Securus charges as much as $22 for 15-minute call in Michigan
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Tom Gores built a private equity empire that made him rich enough to buy professional basketball’s Detroit Pistons and become a civic leader in Michigan.
Now the billionaire’s firm has struck a deal to buy Securus Technologies Inc., a company that provides telephone services to Michigan prison inmates at rates of up to $22.56 for a 15-minute call.