US rent-to-own furniture retailer Buddy's Home Furnishings is now operating under new ownership following its acquisition by Los Angeles-based private investment firm Skyline Investors. The financial terms of the deal were not disclosed.
© Buddy's Home Furnishings
Buddy's was previously part of Franchise Group and operates more than 220 stores across 18 US states and Guam. Skyline Investors specialises in long-term investments in franchise businesses, with a focus on operational improvement and sustainable growth. The firm brings experience in the rent-to-own sector, including prior investments in Majik Rent-to-Own.
Buddy's chief executive Michael Bennett described the acquisition as 'an exciting new chapter', highlighting Skyline's collaborative approach and understanding of the franchise model. He said the new owner is committed to supporting franchisees, customers, and long-term business development.
Kevin Tom, founder and managing partner of Skyline Investors, said Buddy's represents a strong platform with clear growth potential, citing its established brand and franchise network. He added that Skyline plans to work closely with management and franchisees to strengthen operations, improve franchisee profitability, and invest in the company's next phase of expansion.
Source: www.moebelmarkt.de
