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
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Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1959
Art Van Furniture founded
2017
Acquired by Thomas H. Lee Partners for $612.5 million
2020
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
MetricBefore PEAfter PEΔ
Store count
reported 2020
before 169 stores
after 0 (liquidated)
-100%
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