Meet&CoLOS ANGELES – Skyline Investors has completed the acquisition of Buddy’s Home Furnishings, a well-established rent-to-own retailer. The brand, with over 220 locations across 18 U.S. states and Guam, was previously owned by Franchise Group. Specific terms of the deal were not disclosed.
Source: https://www.furnituretoday.com/
Michael Bennett, Buddy’s CEO, expressed enthusiasm about the transition. “Skyline’s collaborative approach and quick action were key in making this acquisition happen,” he said. “This isn’t just about a change in ownership; it’s about gaining a strategic partner who values our franchise network and is eager to support our future growth.”
The acquisition was structured in partnership with Standard Communities, led by co-founders Jeffrey Jaeger and Scott Alter, experts in affordable housing development. Their experience in capital management and growth strategies will bolster Buddy’s mission of supporting U.S. families.
“Skyline’s innovative investment approach is a key driver in our confidence in this partnership,” said Jaeger. “Together, we bring solutions that enhance the communities we serve. We look forward to expanding Buddy’s reach with our shared expertise.”
Skyline’s goal is to strengthen Buddy’s business through strategic investments, operational improvements, and a long-term partnership with the franchise network. Their experience in the rent-to-own industry, including prior work with Majik Rent-to-Own, provides practical insight into growing and optimizing Buddy’s operations.
Kevin Tom, founder and managing partner of Skyline, commented, “Buddy’s is exactly the type of brand we are excited to support. The potential for growth is clear, and we are eager to collaborate with the management team and franchisees to enhance profitability and propel the business forward.”
