A Century of Service: Grand Appliance's Journey and Future
Grand Appliance, a fourth-generation family-owned business founded in 1930, has been a cornerstone of the Midwest's appliance retail and distribution scene for over 90 years. Known for its exceptional customer service, operational expertise, and strong supplier relationships, the company has grown into one of the largest independent appliance retailers in the region. Operating 31 retail locations and five distribution centers across Wisconsin, Illinois, Indiana, and Iowa, Grand serves a diverse clientele including consumers, builders, contractors, and online shoppers.
In a significant move, Mesirow, an independent, employee-owned financial services firm, acted as the exclusive financial advisor to Grand Appliance on its sale to R&B Wholesale Distributors, a portfolio company of Platinum Equity. This strategic partnership aims to create new opportunities for growth while preserving the values and culture that have defined Grand for generations.
Leadership Perspectives
Rocky Pontikes, Senior Managing Director and Co-Head of Mesirow Investment Banking, praised Grand's reputation as a premier appliance retailer and distributor, built through decades of exceptional service and strong brand relationships. He expressed pride in advising on this transaction and anticipates continued growth through the partnership with R&B Wholesale Distributors.
Anish Gauri, CEO of Grand Appliance, highlighted the company's century-long reputation for fostering strong vendor relationships, investing in great people, and delivering exceptional value. He sees this partnership as a way to open new opportunities for employees, customers, and partners while maintaining the company's core values.
Paul Mariani, Managing Director at Mesirow, emphasized Grand's success rooted in exceptional customer relationships and a strong operating platform, expressing confidence that R&B Wholesale Distributors is well-positioned to build on that foundation.
About the Companies
Mesirow is an independent, employee-owned financial services firm founded in 1937, headquartered in Chicago with offices worldwide. It offers capabilities in Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, focusing on personalized solutions and social good. The firm has completed over 350 transactions in recent years, demonstrating a proven track record in the distribution and supply chain sector.
Grand Appliance is a leading Midwest retailer and distributor of home appliances and consumer electronics, operating 31 locations across WI, IL, IN, and IA. Following the strategic investment from Platinum Equity, Grand partners with R&B Wholesale Distributors to form a premier national distribution platform.
R&B Wholesale Distributors, founded in 1968, is a leading home appliance distributor in California, Arizona, Nevada, and New Mexico. Carrying over 50 brands, the company focuses on kitchen and laundry products, serving dealer, builder, and property management channels across multi-family, single-family, and light commercial markets.
This acquisition marks a milestone for Grand Appliance, ensuring its legacy of customer service and operational excellence continues under new ownership, while expanding its reach and capabilities.
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