Art Van Furniture
Thomas H. Lee used sale-leaseback of Art Van's own properties to fund 70% of the buyout. Liquidated within 3 years.
- FOUNDED
- 1959
- ACQUIRED
- Thomas H. Lee Partners, 2017, $612.5 million
- IMPACTS
- 1 documented
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.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
CriticalClosure / BankruptcyThomas 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 / After
Store count
reported 2020
before 169 stores
after 0 (liquidated)
-100%
Community Reviews
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Tracked Locations
CA · 1
7807 Main St
San Diego, CA 92101 · 555-501-6764
CO · 1
2571 Main St
Denver, CO 80201 · 555-894-1557
FL · 1
5741 Main St
Tampa, FL 33601 · 555-669-9627
IL · 2
4611 Main St
Chicago, IL 60601 · 555-782-7755
9391 Main St
Chicago, IL 60601 · 555-656-2314
MA · 1
3995 Main St
Boston, MA 02101 · 555-290-2493
PA · 1
5229 Main St
Philadelphia, PA 19019 · 555-438-3938
TX · 1
1434 Main St
Austin, TX 73301 · 555-458-6835