Michael HardmanPosted by
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.
By the end of the first quarter of 2014, Bain is expected to close on the deal to buy a majority stake in Bob's. 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.
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