O’Melveny advises Platinum Equity on acquisition of L&R Distributors

O’Melveny has advised Platinum Equity on its acquisition of L&R Distributors, a wholesale distributor of consumer products servicing more than 17,000 retail locations throughout the United States.

The transaction closed on 30 June, 2020.

L&R operates three distribution centres in Arkansas, California, and New Jersey and specialises in large SKU-count categories such as cosmetics, hair care products, stationery, office supplies, and toys.

Platinum Equity is a global investment firm with approximately USD23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world.

The O’Melveny team advising Platinum Equity was led by corporate partner David Smith and associate Nick Loukides. Partner Jeff Kohn provided labor and employment advice, with counsel Scott Gleason advising on real estate matters.