Franchise Group completed the acquisition of Badcock for $580m.

Franchise Group, an operator of franchised and franchisable businesses, completed the acquisition of Badcock, a family furniture store, for $580m. “We wanted to find a buyer who would respect our company’s long and storied history and, in Franchise Group, we immediately recognized a management group and a company that shared our values and will help WS Badcock build upon the legacy created by the current family and those who preceded us. We are confident that we are leaving our treasured company in good hands and that this decision will help to produce a winning combination for our customers, vendors, dealers and employees," Bill Pou, Badcock Chairman of the Board.