Northern Plains Distributing

Finding the right partner for growth

Northern Plains Distributing has received growth capital from Corbel Capital Partners.

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Based in West Fargo, North Dakota, Northern Plains Distributing is a founder-owned, wholesale distributor of brand name home laundry, major household appliances, grills, and related accessories. For nearly five decades, the Company has served as the critical link between major brands and independent dealers throughout the Midwest.

NPD’s logistics capabilities, product knowledge, and merchandizing expertise have made the Company an indispensable partner to brands and dealers alike. NPD has built long-term relationships with premium brands including Speed Queen, GE Appliances, and Big Green Egg with distribution throughout North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Nebraska, Northern Michigan, and Illinois.

NPD’s partnership with Corbel Capital will provide the Company with the necessary resources to accelerate growth and tap into tangible, high-growth opportunities more quickly.

Situation Overview

Owner seeks a financial partner to pursue an aggressive growth through M&A strategy.

Thank you for your hard work. I look forward to future opportunities with Vermillion.
– Andy Magnotto, Owner & CEO, Northern Plains Distributing

M&A Transaction Process

Vermillion worked closely with Northern Plains Distributing to prepare the Company for its sale prior to going to market. Vermillion advised the Company on several strategic initiatives and decisions, including:

  • Finding the right buyer. Vermillion reached out to a wide range of financial and strategic buyers and orchestrated a competitive process for the seller.
  • Worked closely with management to develop a comprehensive growth plan focused on growth through acquisition and technology transformation.
  • Prepared the Company’s management team for critical meetings with buyers.
  • Worked collaboratively with both the seller and buyer to overcome unforeseen challenges that arose in the process.
  • Managed the due diligence process.

Result

Through a targeted marketing process, Northern Plains Distributing secured growth capital from Corbel Capital Partners.

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