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%
Tracked Locations
CA (1)
Los Angeles
2210 Main St
Los Angeles, CA 90001
555-582-7907
FL (1)
Orlando
308 Main St
Orlando, FL 32801
555-981-6603
IL (2)
Chicago
6548 Main St
Chicago, IL 60601
555-184-7593
Chicago
4312 Main St
Chicago, IL 60601
555-549-7959
IN (1)
Indianapolis
3865 Main St
Indianapolis, IN 46201
555-979-5718
NC (1)
Raleigh
5519 Main St
Raleigh, NC 27601
555-630-8023
PA (1)
Philadelphia
5599 Main St
Philadelphia, PA 19019
555-805-4104
WA (1)
Seattle
1622 Main St
Seattle, WA 98101
555-531-3649