Art Van Furniture Sale To Private Equity

After 58 years art van elslander chairman and founder of warren based art van furniture said in a statement that the timing felt right to launch the successful retailer into its next stage of development. Lee partners a boston based private equity firm. Art van furniture the midwest s most familiar name when it comes to furniture and accessories wednesday reached an agreement to sell the company to thomas h.

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Lee partners the company announced today.

Art van furniture sale to private equity.

Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. The warren based retailer on wednesday announced a tentative deal to sell to thomas h. The deal is slated to close in february. Mlive file photo art van furniture announced wednesday it will sell the company to a.

Art van furniture is being sold to the private equity firm thomas h. Lee partners lp in 2017 for an estimated 550 million from the company s founder art van elslander. The warren based retailer on wednesday announced a tentative deal to sell to thomas h. Art van was purchased by thomas h.

The sale price was not disclosed. Lee partners a private equity firm in boston. Lee partners a private equity firm. The timing was right the opportunity was there said kim yost chief executive.

Art van furniture will sell itself to a private equity firm after 58 years of ownership by its founder. Art van furniture is selling the company to thomas h.

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