Should say "Opening in SE Mich" not "Moving to" as I believe it will maintain its HQ in California. The other company is moving to Detroit [[if they buy it).

Tom Gores' Platinum Equity Partners LLC, the Beverly Hills, Calif.-based private equity firm that owns the Detroit Pistons and Palace Sports and Entertainment, is planning to open an investment office in Southeastern Michigan in the next three to six months.
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"We are very bullish on Michigan … We want to put a key executive here," said Diggins. Later, he told Crain's: "It could be Detroit. It could be Oakland County. I don't want to commit, yet."
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Platinum currently has offices in Boston, New York and London, but its portfolio has a heavy emphasis on Midwest companies.

The company is also negotiating to buy an out-of-state company and move it and its 500 employees to the city of Detroit, according to John Diggins, a partner in Platinum Equity.
http://www.crainsdetroit.com/article...ve-company-500