Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to Grand Appliance (“Grand” or the “Company”) on its sale to R&B Wholesale Distributors, a portfolio company of Platinum Equity.

Founded in 1930, Grand Appliance is a fourth-generation family-owned business with a long history of customer service, operational expertise and strong supplier relationships. With more than 90 years of history, Grand Appliance has grown into one of the largest independent appliance retailers in the Midwest. The Company operates 31 retail locations and five distribution centers across Wisconsin, Illinois, Indiana, and Iowa, serving consumers, builders, contractors and online customers through its retail, distribution and e-commerce channels.

Rocky Pontikes, Senior Managing Director and Co-Head of Mesirow Investment Banking, said, “Grand Appliance has established itself as one of the Midwest's premier appliance retailers and distributors through decades of exceptional customer service and strong brand relationships. We are proud to have advised the Grand team on this important transaction and look forward to the continued growth opportunities this partnership with R&B Wholesale Distributors creates.”

"Grand Appliance has built its reputation over nearly a century by fostering strong vendor relationships, investing in great people and delivering exceptional value to its customers. This partnership creates new opportunities for our employees, customers and partners while preserving the values and culture that have defined Grand Appliance for generations," said Anish Gauri, CEO of Grand Appliance.

"Grand's success is rooted in its exceptional customer relationships, strong operating platform and ability to adapt and grow across changing market environments," said Paul Mariani, Managing Director of Mesirow Investment Banking. "We are confident that R&B Wholesale Distributors is well-positioned to build on that foundation and support the Company's continued growth in the years ahead.”

The sale of Grand Appliance marks another successful distribution and supply chain transaction completed by Mesirow Investment Banking. In recent years, the firm has completed more than 350 transactions across its verticals. With deep industry expertise, long-standing client relationships, and a commitment to delivering tailored solutions, Mesirow continues to build a proven track record of highly successful transactions.