Sun Capital arm buys Arkansas-based FFO

An affiliate of Sun Capital Partners, a private-equity firm, has purchased Fort Smith-based furniture retailer FFO Home from Alpine Investors.

Company leadership will remain unchanged, and no jobs will be lost as a result of the acquisition. The terms of the deal were not released.

FFO Home has 36 stores in Arkansas, Missouri, Oklahoma and Kansas, according to a Thursday release.

"FFO Home has established itself as an outstanding, value-oriented retailer, and we're excited about the opportunity to leverage our strong retail sector expertise to help the business accelerate its growth plans," Marc Leder, co-CEO at Sun Capital, said in a statement.

In the summer, FFO Home moved its headquarters and manufacturing operations from Oklahoma to Fort Smith, creating more than 60 jobs.

Florida-based Sun Capital was established in 1995. The company did not name the affiliate that bought FFO Home. Alpine Investors is a San Francisco-based private-equity firm.

-- John Magsam

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