Platinum Equity Invests in R&B Wholesale Distributors
- Editor
- Feb 4
- 2 min read
What's Happening: Platinum Equity has made a significant investment in R&B Wholesale Distributors, Inc., a leading distributor of home appliances in the southwestern United States. The Burggraf family, who founded R&B in 1968, will retain a minority ownership stake, while Platinum Equity's investment aims to expand R&B's reach and increase its scale.
The Key Moves:
Platinum Equity acquires majority stake in R&B Wholesale Distributors, a major home appliance distributor in the Southwest.
R&B executives Connie Espina and Chris Burggraf will continue to lead the business under Platinum's ownership.
The investment was led by Platinum Equity's Small Cap team, focusing on expanding R&B's capabilities and footprint.
By The Numbers :
R&B operates in 4 states: California, Arizona, Nevada, and New Mexico.
R&B was founded 57 years ago in 1968.
Platinum Equity has completed over 450 acquisitions in its 29-year history.
Key Quotes:
"R&B has built an impressive, diversified business over the past 57 years with an opportunity to expand its reach and increase its scale," said Platinum Equity Co-President Jacob Kotzubei.
"Joining forces with Platinum will provide us with additional financial and operational tools, enabling us to continue to grow with both our valued customers and suppliers and to preserve our legacy for generations to come," said Bob Burggraf.
"We believe that further investing in the company's go-to-market capabilities, technology, and footprint will position us well for continued success," said Platinum Equity Managing Director Dan Krasner.
The Bottom Line: Platinum Equity's investment in R&B Wholesale Distributors represents a strategic move to expand in the home appliance distribution sector. With R&B's established presence in the Southwest and Platinum's operational expertise, the partnership aims to drive growth and enhance R&B's market position while preserving its legacy.
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