Worldwide Music Wholesaler, Super D, Acquires Alliance Entertainment
IRVINE, Calif., Sept. 5, 2013 /PRNewswire/ -- Super D, a Global Music Wholesaler has acquired Alliance Entertainment, from Platinum Equity and The Gores Group, creating the world's largest Wholesaler of Music and Video. Financial terms of the transaction were not disclosed.
Alliance Entertainment is the largest wholesale distributor of CD, DVD and Blu-Ray titles in the United States, providing distribution, fulfillment and other services to such retailers as Barnes & Noble, Amazon.com, Wal-Mart.com, Target.com and BestBuy.com. Alliance Entertainment manages a physical inventory of 400,000 CD, DVD and Blu-Ray titles in its state-of-the-art 662,000 square foot distribution center in Shepherdsville, KY. The company has 2,900 unique customers and ships to 14,500 locations throughout the United States. Alliance Entertainment also specializes in the development of highly-customized technology and fulfillment services supporting e-commerce.
"Combining the best of both Alliance Entertainment and Super D into the world's largest wholesaler of music and video with our continued focus on service, selection, and technology creates enormous possibilities for the company as we approach $1B in annual sales," said Jeff Walker, President of Super D.
Super D and Alliance are the primary e-commerce suppliers for CD, DVD, and Blu-Ray products and have expanded its capacity of daily shipments by over 50% in preparation for the busy 2013 holiday season. "Both Alliance and Super D are industry leaders in e-commerce and we are excited to continue to develop an even more robust operation to support e-commerce retailers," said Bruce Ogilvie, CEO of Super D. Rick Chance, Managing Director of KPMG Corporate Finance advised Super D on the transaction.
About Super D:
Founded in 1990 as an independent music store, CD Listening Bar, Inc. is a privately held employee owned California Corporation located in Irvine, California. In 1994, when the wholesaler, Super D was founded, it was offering 200 top selling titles. Over the past several years Super D has been creating the only Worldwide One Stop that is committed to Superior Service, Selection, and Technology. Orders are shipped same day to over 1,500 retailers and 25,000 packages as day directly to consumers worldwide as third party fulfillment. By building an in stock selection of over 450,000 unique titles, Super D has created an outstanding selection for thousands of retail stores and internet sellers worldwide. Super D currently has the largest worldwide selection of CD's & DVD's from 32 countries in the world and distributes them to independent music retailers, chain music retailers, internet retailers, international retailers and special market retailers worldwide. More information about Super D is available at www.sdcd.com or you may contact Jeff Walker, President, at firstname.lastname@example.org.
About Platinum Equity:
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 150 acquisitions.
About The Gores Group:
The Gores Group, LLC is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London, UK. For more information, please visit www.gores.com.
SOURCE Super D