Post by Platinum Equity

Platinum Equity announced a definitive agreement to invest in Grand Appliance, a leading Midwest retailer and distributor of appliances and consumer electronics.   Grand is a fourth-generation family-owned business and operates 31 retail locations and five distribution centers across Wisconsin, Illinois, Indiana and Iowa, serving customers across the retail, builder, contractor and e-commerce channels. The company’s founders will remain shareholders in the business.   In connection with the investment, Grand has entered into a strategic partnership with R&B Wholesale Distributors, Inc., a leading West Coast-based appliance distributor that Platinum Equity invested in last year.   Read the press release for more details: https://lnkd.in/gazntSDQ