Platinum Equity makes significant investment in R&B Wholesale Distributors, Inc. to expand its reach
Platinum Equity makes significant investment in R&B Wholesale Distributors, Inc. to expand its reach
02/04/25, 2:06 PM
Location
Industry
financial services
laundry and dry cleaning
Platinum Equity has announced a substantial investment in R&B Wholesale Distributors, Inc., a leading home appliance distributor in the southwestern United States. The investment reflects Platinum Equity's strategic focus on expanding its portfolio and reach, while R&B Wholesale Distributors, Inc. aims to leverage the financial and operational support from Platinum Equity to grow and preserve its legacy.
Company Info
Location
Beverly Hills, California, United States
Company info
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.