Meet&CoLOS ANGELES — Skyline Investors has acquired Buddy’s Home Furnishings, a national rent-to-own retailer with over 220 stores across 18 states and Guam. The deal marks a new chapter for the previously Franchise Group-owned company, with terms remaining undisclosed.
Buddy’s CEO Michael Bennett stated that Skyline’s collaborative and flexible approach enabled a tailored acquisition structure, positioning the retailer for growth with partners who understand its franchise-driven model. He emphasized that the transition brings committed ownership focused on investing in the network’s success.
Skyline structured the investment alongside Jeffrey Jaeger and Scott Alter, principals of affordable housing developer Standard Communities, whose expertise in community-focused capital solutions aligns with Buddy’s mission of serving American households. Jaeger noted that the partnership reflects confidence in Skyline’s creative investing strategy and commitment to businesses that strengthen local communities.
Kevin Tom, Founder and Managing Partner of Skyline Investors, described Buddy’s as an ideal platform for growth, highlighting its established brand and franchise network. He affirmed Skyline’s hands-on approach to enhancing operations, supporting franchise profitability, and investing in the business’s long-term expansion.
Skyline brings prior experience in the rent-to-own sector, including its investment in Majik Rent-to-Own, and plans to apply its industry insight to strengthen Buddy’s market position and sustainable growth.
