The private equity group Blackstone said funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have completed the previously announced acquisition of International Market Centers, the largest showroom owner in High Point and owner of the World Market Center in Las Vegas.
Hooker Furniture (NASDAQ:HOFT) said it has signed a definitive agreement to acquire Valdese, N.C.-based Shenandoah Furniture, an upscale domestic upholstery manufacturer.
Rent-to-own major Aaron’s Inc. (NYSE: AAN) said second-quarter revenues rose 3.3% to $815.6 million as the company’s Progressive Leasing business continue to pace top-line growth.
International Market Centers, which owns the World Market Center in Las Vegas and about two-thirds of the showroom space in High Point, has agreed to be acquired by investment funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities.
Motion upholstery producer Southern Motion has agreed to be acquired by the private equity firm Gainline Capital Partners LP.
20-20 Technologies Inc. ("2020"), a leading provider of interior space planning software solutions, has announced that it has entered into an agreement to be acquired by San Francisco-based Golden Gate Capital, a leading private equity investment firm.
Samson Holding Company, parent company of Universal Furniture, Legacy Classic and Craftmaster, has agreed to acquire high-end brands Baker, Milling Road and McGuire from Kohler Co.