Platinum Equity completed the investment in R&B Wholesale Distributors.

Platinum Equity, a global investment firm, completed the investment in R&B Wholesale Distributors, a distributor of home appliances. Financial terms were not disclosed. "R&B has built an impressive, diversified business over the past 57 years with an opportunity to expand its reach and increase its scale. We have tremendous respect for everything the Burggraf family has achieved and appreciate the entrepreneurial spirit that continues to drive the company today. Platinum has a lot of experience helping founder-led businesses sustain their culture while leveraging our operational expertise and M&A capabilities to maximize their potential," Jacob Kotzubei, Platinum Equity Co-President.