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Platinum Equity announced a definitive agreement to invest in Grand Appliance, a leading Midwest retailer and distributor of appliances, the Los Angeles-based private equity firm said July 1.
The transaction will link Grand with R&B Wholesale Distributors, an existing Platinum-backed business, combining two regional distribution players under the firm's ownership umbrella.
Deal Structure and Parties Platinum Equity, which already backs R&B Wholesale Distributors, said the investment in Grand Appliance is designed to bring the two companies together.
The arrangement positions Grand alongside R&B rather than as a standalone acquisition, suggesting Platinum intends to pursue synergies across both distributors.
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