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Brian Kahn, President & CEO of Franchise Group, said, “A sincere thank you to the Badcock family for entrusting their 117-year legacy to Franchise Group. We are very excited to welcome the Badcock management team, employees, dealers and customers to Franchise Group

Franchise Group, Inc. acquires W.S. Badcock Corporation

Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced that it has completed the acquisition of W.S. Badcock Corporation (“Badcock”), a leading home furnishings company in the Southeast U.S., in an all cash transaction valued at approximately $580 million

By Divya S
Published - Nov 24, 2021, 01:44 PM ET
Last Updated - Jul 05, 2024, 01:27 AM EDT

Transaction Expected to be Immediately Accretive to Earnings

Regional Furniture, Mattress, Appliance Retailer Expected to Present Significant Synergy Opportunity with Existing Home Furnishing Brands

Acquisition Financed with $575 Million Addition to Existing Credit Facility

Company To Provide Consolidated 2022 Financial Expectations Inclusive of Badcock in December

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