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Rugsusa Announces Growth Investment From Francisco Partners, Acquiring A Majority Stake From Comvest Partners

Sep 10, 2021•almost 4 years ago

Description

RugsUSA, a leading e-commerce provider of area rugs and home décor products, announced today that Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to make a growth investment in the business. As part of the transaction, Comvest Partners, an operationally-focused private investment firm, will sell its majority position to Francisco Partners and retain a minority stake in the business. The pending transaction is expected to close later in 2021.

Company Information

Company

Rugs Usa

About

Since launching in 1998, RugsUSA has been dedicated to helping customers turn their houses into homes, offering a stunning array of rug styles, materials and sizes to suit every design need and budget. With an expansive selection of rugs and home décor products, attractive price points, seamless online shopping experience and best-in-class fulfillment and customer care, RugsUSA is an experienced e-commerce pioneer and rug industry leader, with over eight million rugs sold to nearly two million homes. For more information, please visit RugsUSA.com.