From Home Furnishing Business
Comvest Partners Acquires Old Time Pottery
Murfreesboro, Tenn-based Old Time Pottery, a retailer of home furnishings and other home related products, has been sold to Comvest Partners, a private investment firm.
The 34-store chain operates stores in 10 states throughout the Southeast and Midwest and focuses primarily on discounted goods. The retailer was founded in 1986.
The deal was coordinated by the consumer group of Harris Williams & Co., a mid-market investment bank.
“Old Time Pottery has consistently offered customers a truly differentiated shopping experience, as demonstrated by the success of its stores regardless of the local competitive set, geographic region, or retail center type,” said Glenn Gurtcheff, managing director in Harris Williams & Co.’s Consumer Group. “There are tremendous opportunities for further expansion of Old Time Pottery’s footprint and we look forward to seeing the company’s continued growth in partnership with Comvest.”