“R&B has built an impressive, diversified business over the past 57 years with an opportunity to expand its reach and increase its scale,” said Platinum Equity Co-President Jacob Kotzubei in a Feb. 4 news release. “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.”

The Burggraf family retained a minority ownership stake in the company and R&B executives Connie Espina and Chris Burggraf will continue to lead the business.

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“Joining forces with Platinum will provide us with additional financial and operational tools, enabling us to continue to grow with both our valued customers and suppliers and to preserve our legacy for generations to come,” Bob Burggraf said.

Platinum Equity Managing Director Dan Krasner described R&B as a “well-established distribution platform that offers an impressive product range, high-touch sales support, and flexible delivery and installation in order to provide the highest quality services to customers.”

He added: “We believe that further investing in the company’s go-to-market capabilities, technology, and footprint will position us well for continued success. We look forward to partnering with the company’s leadership team to grow the business organically and through prospective M&A.”

Raymond James & Associates served as the sell-side financial advisor to R&B Wholesale.