In a memo to Art Van Furniture employees, company president and CEO Kim Yost said Van Elslander known to many more simply as "Mr. Van" was a man who rose from humble beginningsand grew his family businessto one of the top 10 furniture retailers in the nation.
Van Elslanders death comes as Art Van continues to expand into other states throughout the Midwest and Canada. Art Van CEO Kim Yost said theyll open their first store in Windsor this fall. Last week, the company opened five locations in Missouri and Illinois.
Today Art Van is one ofthe largest independent furniture retailers in the country with more than 100 stores in five states, a franchising program and over 3,500 employees. The Current CEO is Kim Yost,its president is Gary Van Elslander and DavidVan Elslander is president of Art VanPureSleep.
The price of the sale was not disclosed. Current Art Van CEO Kim Yost will work with the private firm to enhance organizational growth and the brands plans for the future. Gary Van Elslander will continue to be Art Van Furnitures president. David Van Elslander will be president of Art Van PureSl
tailing, said Jerry Epperson, managing director of Richmond, Va.-based Mann Armistead & Epperson, which advised RBC in the transaction. Hes never stopped growing and thinking and innovating, and he has created a terrific management team with Kim Yost and Gary Van Elslander at the top.
Date: Jan 25, 2017
Category: Business
Source: Google
Art Van Furniture plans sale to Boston private equity firm
Art Van Furnitures existing leadership, which includes CEO Kim Yost, President Gary Van Elslander and Art Van PureSleep President David Van Elslander, will work closely with the new private equity ownership, according to a statement.
Date: Jan 25, 2017
Category: Business
Source: Google
Founder selling furniture chain to private equity firm
Gary Van Elslander will remain as president of Art Van Furniture, and David Van Elslander will remain as president of Art Van PureSleep. Kim Yost will remain as CEO and work with THL to shape the companys future.