Nationwide Mattress and Furniture Warehouse To Liquidate

Sun Capital is going backwards! In 2000 Nationwide Mattress and Furniture Warehouse known as Nationwide Warehouse & Storage had 160 stores in the U.S. and Canada. Sun Capital acquired the majority stake in a trimmed down 63-store Nationwide in 2002 in a deal valued at $10.7 million. Six years later, Great American Group’s furniture division will take over operations in about a week and liquidate the Nationwide business.

Wheeling, Ill.-based Wickes Furniture, another early Sun Capital buy, also has been struggling and recently sent asks its suppliers to sign a “vendor modification agreement,” that would defer payments of past-due debt for 18 months. The letter said a new $10 million equity investment, hinged on the concessions.

These are a few of the
Sun Capital investments:

American Standard America
Anchor Blue Retail Group
Catalina Lighting
Chrysler Holdings
Conex Bänninger
Crane plumbing
Lee Cooper
Lexington Home Brands

Sun Capital has a heavy investment in furniture, apparel, restaurants and plumbing. All heavily consumer dependent.

Sun Capital Nationwide Mattress and Furniture Warehouse Wickes Furniture

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