Platinum Equity Investment in Grand Appliance and Strategic Partnership with R&B Wholesale Distributors
July 4, 2026
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.
- Buyers
- Platinum Equity, R&B Wholesale Distributors
- Targets
- Grand Appliance, R&B Wholesale Distributors
- Sellers
- Founders of Grand Appliance
- Platforms
- Grand Appliance
- Industry
- Retail
- Location
- United States
- Transaction Type
- Buyout
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