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Announced

Completed

Franchise Group completed the acquisition of FFO Home.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Specialty Retailers

Completed

furniture retailer

United States

Domestic

Single Bidder

Private

Acquisition

Majority

Synopsis

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Franchise Group, an operator of franchised and franchisable businesses, completed the acquisition of FFO Home, a regional retailer of furniture and mattresses. Over 30 FFO Home stores throughout the Midwest were rebranded to American Freight Furniture, Mattress, Appliance. Financial terms were not disclosed. “We are excited about the FFO Home acquisition. Our ability to use this acquisition to quickly enter many new markets where we do not currently have a presence, and preserve local jobs that might have otherwise been lost had FFO Home stores permanently closed, made this a win-win for American Freight and these communities we will now have the opportunity to serve,” Will Powell, American Freight CEO and President.

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