Novacap-backed Bestar completed the acquisition of Bush Industries from Ironwood.

Novacap-backed Bestar, a designer and manufacturer of ready-to-assemble furniture, completed the acquisition of Bush Industries, a manufacturer of case goods and RTA furniture for the office and home, from Ironwood Capital, a Connecticut-based private equity firm. "Bestar's goal is to concentrate their efforts on e-commerce solution for home/office furniture. Bestar's and Bush's leadership teams see a significant and fast-growing market opportunity for furniture sold online and shipped directly to the end consumer. This emerging business model provides furniture consumers a convenient, rapid and affordable shopping solution," Frederick Perrault, Novacap Senior Partner, and Bestar Chairman.