CORAL SPRINGS, FL--(Marketwire - Mar 11, 2011) - Platinum Equity and The Gores Group announced today that Alliance Entertainment has acquired EDGE Entertainment Distribution, a wholesale distributor of pre-recorded music and movie titles, related accessories and other products. EDGE primarily serves independent music retailers, public libraries and college book stores.
Financial terms of the EDGE acquisition were not disclosed.
EDGE provides one-stop access to more than 140,000 titles of compact discs, DVD and Blu-Ray movies, and other entertainment-related accessory products.
Alliance was acquired by a joint venture between affiliates of Platinum Equity and The Gores Group in 2010.
"Alliance has a long-standing commitment to serving the distribution needs of the music industry and independent retailers in particular," said Bryan Kelln, president of portfolio operations for Platinum Equity. "Alliance understands their needs and looks forward to continuing to deliver the high level of customer service they deserve."
"As the market for distributing media content continues to evolve, we will keep pursuing opportunities to grow and diversify Alliance's business organically and through additional acquisitions," added Jon Gimbel, principal, The Gores Group.
About Alliance Entertainment
Alliance Entertainment manages a physical inventory of 400,000 CD, DVD and videogame titles in its distribution center in Shepherdsville, KY. Alliance Entertainment is the largest wholesale distributor of CD, DVD and videogame titles in the United States, providing distribution, fulfillment and other services to such retailers as Barnes & Noble, Borders, Amazon.com, Target.com and BestBuy.com. The company has 2,900 unique customers and ships to 14,500 locations throughout the United States.
About Platinum Equity
Platinum Equity (
(310) 209-3010