Art Van Furniture
PE-Owned1 Documented ImpactThomas H. Lee used sale-leaseback of Art Van's own properties to fund 70% of the buyout. Liquidated within 3 years.
Ownership Information
Art Van Furniture is owned by Thomas H. Lee Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Art Van Furniture founded
Acquired by Thomas H. Lee Partners for $612.5 million
Art Van Furniture liquidated 3 years after Thomas H. Lee's sale-leaseback buyout
Thomas H. Lee used sale-leaseback of Art Van's own properties to fund 70% of the $612.5M buyout. Loaded $254M in new debt. Aggressive expansion cannibalized existing locations. All 169 stores liquidated.
Before vs. After PE Acquisition
Store count
Reported 2020
Before PE
169 stores
After PE
0 (liquidated)
↓ 100%
Community Reviews
Share your experience →Tracked Locations
CA (1)
San Diego
7807 Main St
San Diego, CA 92101
555-501-6764
CO (1)
Denver
2571 Main St
Denver, CO 80201
555-894-1557
FL (1)
Tampa
5741 Main St
Tampa, FL 33601
555-669-9627
IL (2)
Chicago
4611 Main St
Chicago, IL 60601
555-782-7755
Chicago
9391 Main St
Chicago, IL 60601
555-656-2314
MA (1)
Boston
3995 Main St
Boston, MA 02101
555-290-2493
PA (1)
Philadelphia
5229 Main St
Philadelphia, PA 19019
555-438-3938
TX (1)
Austin
1434 Main St
Austin, TX 73301
555-458-6835