Art Van Furniture Sale To Private Equity

Lee partners a private equity firm in boston.

Art van furniture sale to private equity.

14 report by crain s detroit which said art van s private equity owner thomas h. Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. 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 elslander chairman and founder of.

Lee partners is exploring options including the sale and. Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. The shutdown comes barely three years after private equity firm thomas h. Subscribe now 99 per month.

The deal is slated to close in february. The news reports fazio refers to all stem from a feb. Boston based private equity firm thomas h. Lee partners in 2017 for 500 million.

The warren based retailer on wednesday announced a tentative deal to sell to thomas h. The warren based retailer on wednesday announced a tentative deal to sell to thomas h. Art van elslander the deal to sell art van furniture inc. Lee partners of boston acquired art van in a 612 5 million buyout financed by the company itself.

Michigan based furniture retailer art van furniture s private equity owner is reportedly exploring options of sale filing for bankruptcy. Art van furniture has reached a deal to sell the top 100 company to. Art van began its final sale friday. Art van to be sold to private equity clint engel senior retail editor furniture today january 25 2017 warren mich.

To a private equity firm is likely to mean the growth trajectory for the company will continue.