Art Van Furniture, Inc.
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Art Van Furniture, Inc. - overview
Established
1959
Location
Warren, MI, US
Primary Industry
Retail
About
Art Van Furniture, Inc. is a retailer specializing in modern furniture and artistic home decor. The company offers a variety of products designed to enhance interior spaces for homeowners and professional decorators. Founded in 1959 and headquartered in Warren, US, Art Van Furniture, Inc.
was established to provide quality furniture and home furnishings. The company underwent significant changes in its business strategy over the years but ultimately closed operations in March 2020. The firm was previously involved in three funding deals, with a notable RECAPPITALISATION round in which they raised USD 612. 50 mn from investors including Thomas H.
Lee Partners, bringing their total funds raised to USD 612. 50 mn. ArtVan. com specializes in offering a diverse range of modern artistic products, primarily original digital art, including NFT (Non-Fungible Token) artworks, and various forms of wall art.
Their offerings target homeowners, interior designers, and art enthusiasts looking to personalize their environments. They also provide decorating guides to assist clients in integrating art into their spaces, primarily serving markets in North America and select international regions. In 2017, Art Van Furniture, Inc. reported a revenue of USD 800.
00 mn with an EBITDA of USD 75. 00 mn, driven largely by direct sales of their artistic products through a business-to-consumer model. As of March 2020, Art Van Furniture, Inc. closed its operations, which indicates a cessation of future growth plans.
Therefore, there are currently no upcoming product launches, market expansions, or utilization of recent funding for new initiatives.
Primary Industry
Retail
Sub Industries
Department Stores, Wood/Hard Products
Website
www.artvan.com
Total Amount Raised
Subscriber access only
Art Van Furniture, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restructuring | Completed | Art Van Furniture, Inc. | - | ||||||||
| Add-on | Completed | Comfort Mattress Co. | - | ||||||||
| Add-on | Completed | Levin Furniture | - | ||||||||
| Add-on | Completed | Wolf and Gardiner Wolf Furniture | - | ||||||||
| Recapitalisation | Completed | Art Van Furniture, Inc. | - |
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