Art Van Furniture Sale To Private Equity

Boston based private equity firm thomas h.

Art van furniture sale to private equity.

To a private equity firm is likely to mean the growth trajectory for the company will continue. The deal is slated to close in february. The shutdown comes barely three years after private equity firm thomas h. Lee partners bought art van for 550 million in 2017 a year before the death of the furniture chain s founder in february 2018.

The warren based retailer on wednesday announced a tentative deal to sell to thomas h. Lee partners a private equity firm in boston. Art van to be sold to private equity clint engel senior retail editor furniture today january 25 2017 warren mich. The warren based retailer s sudden announcement that it would wind down operations comes only three years after its late founder art van elslander sold the.

Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. Art van began its final sale friday. Art van elslander the deal to sell art van furniture inc. The sale price was not disclosed.

The warren based retailer on wednesday announced a tentative deal to sell to thomas h. Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. Lee partners of boston acquired art van in a 612 5 million buyout financed by the company itself. Lee partners is exploring options including the sale and.

The bankruptcy filing and closure came on the heels of the van elslander family selling the chain to boston based private equity firm thomas h. Lee partners in 2017 for 500 million. 14 report by crain s detroit which said art van s private equity owner thomas h. Subscribe now 99 per month.

The news reports fazio refers to all stem from a feb.