Platinum Equity Acquires L&R Distributors

Platinum Equity Investment in Grand Appliance and Strategic Partnership with R&B Wholesale Distributors

July 4, 2026

Retail

Platinum Equity signed a definitive agreement to invest in Grand Appliance, a Midwest retailer and distributor of appliances and consumer electronics. In connection with the investment, Grand Appliance partnered with California-based R&B Wholesale Distributors to combine distribution businesses under their existing brands and leadership teams, with Grand President Anish Gauri becoming CEO of both entities.

Platinum Equity Acquires Co-Controlling Stake in US LBM from Bain Capital

October 16, 2023

Building Products

Platinum Equity has signed a definitive agreement to acquire a co-controlling stake in US LBM from existing investor Bain Capital Private Equity, with Bain and Platinum holding equal ownership and joint board governance. US LBM will remain led by founder and CEO L.T. Gibson and will continue pursuing national expansion and strategic acquisitions to grow its specialty building materials distribution platform; financial terms were not disclosed.

FleetPride Acquires L&L Distributors of Florida

August 9, 2022

Trucking & Fleet

FleetPride, the nation’s largest distributor of heavy-duty truck and trailer parts, acquired the assets of L&L Distributors (owned by Raymond Marchesiello), adding three Florida locations and 48 employees to its network. The acquisition expands FleetPride’s South Florida footprint and gives L&L customers access to FleetPride’s broader purchasing power and service capabilities.

L&R Distributors (Platinum Equity) Acquires SJ Creations

March 4, 2022

Consumer Products

Platinum Equity portfolio company L&R Distributors has acquired SJ Creations, a health, beauty and personal care products designer and private-label supplier based in Encinitas, California, from founders Sundi and Rich Yousko. The deal is an add-on to L&R's platform to expand its branded and private-label product offerings and leverage L&R's distribution scale; financial terms were not disclosed.

Platinum Equity Acquires Ingram Micro for $7.2 Billion

July 7, 2021

Transportation

Platinum Equity completed the acquisition of Ingram Micro Inc. from HNA Technology Co., Ltd. The buyout, announced July 2021, values the world’s largest technology distributor at $7.2 billion enterprise value and positions Platinum to accelerate Ingram Micro’s cloud, logistics and solutions strategies while providing financial and operating support for growth initiatives.

Platinum Equity Acquires Livingston International

May 2, 2019

Logistics & Distribution

Platinum Equity completed the acquisition of Toronto-headquartered customs brokerage and trade services firm Livingston International on May 2, 2019. Livingston, a leading North American customs broker and freight forwarder with ~3,200 employees, will benefit from Platinum Equity's operational resources as it continues to provide customs brokerage, trade consulting and freight forwarding services.