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Bain Buys Majority Stake in Bob's Discount Furniture

By Michael Hardman

Bain Capital, a Boston private equity firm, is adding Bob's Discount Furniture to its list of retail brands they have bought into, according a report in the Boston Globe.

Bain is expected to close on the deal by the end of the first quarter. No financial terms were released, but the Wall Street Journal reported it could be more than $350 million.

Bob's chief executive officer Ted English is reportedly staying with the company.

The 16th largest furniture chain in the country, Bob's has 47 stores in the northeast and mid-Atlantic region, including ones in Stoughton,  Attleboro, Natick, Dedham  Salem, N.H.  and Nashua. Bob Kaufman, the co-founder of Bob's, is known for appearing in the company's TV commercials.

Joe Gorman January 01, 2014 at 07:54 AM
This is a good article,hopefully twit romney will be shopping for furniture at bobs discount furniture in the near future.You don't want to own a business today people ,too bad too because it's supposed to be what our Nation was about....

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