Platinum Equity Acquires Midwest Retailer Grand Appliance

Operating 31 retail locations and five distribution centers across Wisconsin, Illinois, Indiana, and Iowa, Grand Appliance has served the builder, contractor, and e-commerce markets since its 1930 founding. While the financial terms remain private, the company’s founders will retain a stake in the business as it integrates into Platinum Equity’s portfolio. The move marks a significant expansion for the investment firm, which acquired the West Coast-based R&B Wholesale Distributors just last year.

Under the new structure, Grand Appliance will maintain its current branding and leadership. President Anish Gauri will assume the role of CEO for both entities, overseeing the combined operations. Platinum Equity Co-President Jacob Kotzubei noted that the partnership aims to leverage the companies’ distinct regional strengths to enhance service capabilities while preserving the independent identities that have long defined their market presence. Mesirow Investment Banking acted as the exclusive financial advisor for the transaction, with the deal expected to close by the end of July 2026.