Private equity firm Skyline Investors has acquired Buddy’s Home Furnishings for an undisclosed amount.
Skyline aims to bring “operational improvements,” leveraging its experience from previous investments in rent-to-own businesses like Buddy’s, including Majik Rent-to-Own.
In a statement Buddy’s CEO Michael Bennett called it "an exciting new chapter for Buddy's."
"Skyline brings a collaborative mindset that our franchisees and customers will feel immediately,” Bennett said. “Their flexible approach and ability to move quickly allowed them to structure a solution that worked for us when others couldn’t. We're not just changing ownership; we're gaining committed partners who understand our business, value our franchise network, and are ready to invest in our collective success."
Buddy’s, a rent-to-own model offering furniture, appliances and home goods, has more than 220 locations across 18 states and in Guam.
Buddy’s and Pet Supplies Plus were the remaining banners in the portfolio of Franchise Group after the company exited bankruptcy last year, having sold The Vitamin Shoppe to private equity and shut down its American Freight banner during the Chapter 11 process.
At the end of last year, Pet Supplies Plus and Wag N’ Wash announced they were separating from the Franchise Group. Pet Supplies Plus acquired Wag N' Wash in 2022.
Franchise Group didn’t immediately respond to a request for comment regarding the Buddy’s acquisition.
