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Generational Group Advises Service Furniture and Bedding in Sale to FFO Home
By Generational Group
08/28/2018
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Service Furniture and Bedding Inc., to Furniture Factory Outlet LLC (FFO Home). The acquisition closed February 6, 2018.
Service Furniture and Bedding, headquartered in Fairdale, Kentucky, is a leading operator of home furnishings and bedding retailers in the Louisville area using the Furniture Liquidators brand, along with the Mattress and More name. Twenty-eight Service Furniture retail locations were included in the acquisition.
FFO Home, based in Fort Smith, Arkansas, is a fast-growing, value-oriented home furnishings retailer with 47 stores across 7 southern states. This is the first acquisition activity to complement aggressive organic growth since FFO Home received an investment from an affiliate of private equity firm Sun Capital Partners in 2016. With the completed deal, FFO Home now moves into the top 50 home furnishing retailers.
“We are incredibly excited to welcome Furniture Liquidators and Mattress and More to the FFO Home family. Both of these brands have enjoyed strong leadership positions for many years,” said FFO Home President and CEO Larry Zigerelli.
“Furniture Liquidators provides us strong critical mass in one of our key expansion markets, and fits us strategically as a leading value-oriented retailer. Mattress and More provides an important platform to accelerate the growth of our vertically integrated bedding business.”
Generational Group Senior Managing Director Fred Zweifel successfully closed the deal, and Senior Managing Director Terry Stidham established the initial relationship with Service Furniture and Bedding.
“Service Furniture is a natural fit for FFO Home,” said Zweifel.
“FFO Home is backed by a leading private equity firm, Sun Capital Partners, and the investment in Service Furniture will provide capital for the company to grow.”
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.