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From Home Furnishing Business

Carls Patio Sold to Rooms To Go

Weinberg Capital Group, a Cleveland-based private equity firm, has agreed to sell casual furniture retailer Carls Patio to Rooms To Go.

The purchase of Carls, which has 11 stores and an outlet center in South Florida, marks Rooms To Go’s first major push into outdoor furniture. Carls focuses on high-end outdoor furniture, and its lineup includes a private-label furniture line called Fifth & Shore and a private label pillow line called Haberdashery.

Terms of the transaction were not disclosed.

Paul Otowchits, former president of Carls has accepted a senior leadership position with RTG, where he will continue to focus on the outdoor furniture segment.  All other employees of Carls have also been offered employment by RTG following the close of the acquisition.

"I would like to thank all of our valued employees at Carls for the hard work over the past five years.  We've seen many successes as well as some challenges and we will fondly remember our time as owners,” said Ronald E. Weinberg, Sr., director and principal of Weinberg Capital Group. “During our ownership, we developed our proprietary Fifth & Shore furniture brand; proprietary Haberdashery pillow brand; expanded to new locations in Delray, Palm Beach, Tampa and Pembroke Pines; and converted much of our advertising from traditional print and television to digital.”

“I am confident that with its broad geographic reach, significant advertising platform and purchasing power, RTG is poised to enter the outdoor furniture market in a significant way,” he added.

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