Washington Partners, LLC, one of Florida's premier mergers and acquisitions advisory firms, is pleased to announce the sale of Office Furniture Depot, Inc., Lakeland, Florida by owners Joanne and David Boles, to Interior Fusion, LLC and Richard Fendley. Washington Partners served as the exclusive advisor to Office Furniture Depot in this transaction.
TAMPA, Fla. , Oct. 27, 2022 /PRNewswire-PRWeb/ -- Joanne and David Boles founded OFD in 1997. Located in Lakeland, Florida, between Tampa and Orlando, the Company is one of the premier dealers of office furniture in the region and is one of the most successful, if not the most successful, independents. OFD's independent status means the Company is not governed by large manufacturers or buying groups. The Company's independent status enables it to provide customers with the highest quality merchandise at the best prices.
Following the sale, Mr. Boles commented, "After 25 years in business, Joanne and I were looking to take advantage of what we had built and move on to the next phase of our lives. We wanted to spend more time with our family and friends, and travel – we have traveled as time has permitted but there are still many places we want to visit. As we did not have a formal succession plan and our children are not involved in the business, we decided to hire professional mergers and acquisitions experts Juan Pardo and Steve Hyden of Washington Partners to help us navigate this life-changing decision. Although we had committed to selling the business, we also deeply care for our staff, and wanted them in the right hands after our exit. The Washington Partners team was sensitive to that issue and brought the right buyer to the table, and we are very grateful to them for helping us accomplish this goal. We have no doubt that we made the right decision to work with Juan and Steve of Washington Partners.
Juan Pardo, Senior Vice President, commented, "Steve and I met David and Joanne Boles over two years ago. I have grown to admire not only their undeniable business acumen and success but also their commitment to family and community. When the time came to sell their business, I understood that it was not an easy decision, and that we would need to find the right buyer. Steve and I are honored that we were able to identify the right buyer who will remain dedicated to what the company stands for and to how David and Joanne ran the business and who will also be committed to taking care of the staff. We were able to maximize the value of the business and capitalize on their many years of building goodwill in the community. We wish David and Joanne all the best in the future."
Interior Fusion was founded in 2008 in Largo, Florida by Richard Fendley, retired U.S. Army Master Sergeant, with the idea of 'fusing' design and retail together in order to build an office furniture company that had an uncomplicated, fun approach to creating workspace environments designed for teams to create, to imagine and to get work done.
Office Furniture Depot will remain at its current location at 2440 US Hwy 98 N, Lakeland, Florida.
About Washington Partners, LLC Founded by Managing Partner, George Chaconas in 1999, Washington Partners and its professionals specialize in providing intermediary services for lower-middle market business owners who are contemplating exit or growth strategy opportunities. Its experienced mergers and acquisition specialists provide insight and strategies as to the right time to sell and prepare the company to sell. The firm offers various services including, succession and exit planning, mergers, acquisitions, divestitures, valuations, and transaction consulting. WP's client base includes public, private companies, investor groups, private equity groups, family offices, and management buyout groups throughout the world.
For more information about the services offered by Washington Partners visit https://washingtonpartners.com.
Media Contact
Juan Pardo, Washington Partners, LLC, 813-254-9274, [email protected]
SOURCE Washington Partners, LLC
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