M&A Deal Summary

Platinum Equity Acquires L&R Distributors

On July 1, 2020, private equity firm Platinum Equity acquired distribution company L&R Distributors

Acquisition Highlights
  • This is Platinum Equity’s 8th transaction in the Distribution sector.
  • This is Platinum Equity’s 87th transaction in the United States.
  • This is Platinum Equity’s 2nd transaction in New York.

M&A Deal Summary

Date 2020-07-01
Target L&R Distributors
Sector Distribution
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

L&R Distributors

Brooklyn, New York, United States
L&R Distributors is a distributor of over 30,000 health & beauty care, general merchandise, and cosmetics products, serving over 17,000 points of distribution within the supermarket, drug, independent and mass classes trade across the United States. L&R Distributors was founded in 1956 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 110 of 156
Sector: Distribution M&A 8 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 25
State: New York M&A 2 of 4
Country: United States M&A 87 of 121
Year: 2020 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Deluxe

Burbank, California, United States

Deluxe provides localization, mastering, distribution, platform and fulfillment services to the world’s leading content production studios. Deluxe is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

Sell -