• Platinum Equity agreed to invest in Grand Appliance, a Midwest appliance retailer-distributor with 31 stores, five distribution centers, founded in 1930.
• Grand entered a strategic partnership with Platinum-backed R&B Wholesale Distributors to build a larger independent US appliance distribution platform.
• Anish Gauri will become CEO of both Grand Appliance and R&B Wholesale Distributors; Grand will keep its brand and leadership team.
• Grand’s founders will remain shareholders; the deal is expected to close later this month.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Platinum Equity LLC published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein.