Platinum Equity Acquires L&R Distributors
July 1, 2020
Platinum Equity has acquired L&R Distributors from affiliates of the company's founders. L&R, a Brooklyn-headquartered wholesale distributor and e‑commerce fulfillment operator serving over 17,000 U.S. retail locations, will continue to be led by CEO Marc Bodner under Platinum Equity ownership as the firm looks to scale the business through organic growth and strategic M&A.
- Buyers
- Platinum Equity
- Targets
- L&R Distributors
- Sellers
- Affiliates of the company's founders
- Industry
- Logistics & Distribution
- Location
- New York, United States
- Transaction Type
- Buyout
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