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
BERKLINE BENCHCRAFT HOLDINGS, LLC
Catalina Lighting
Chrysler Holdings
Conex Bänninger
Crane plumbing
Eljer
GMAC FINANCIAL SERVICES
INTERFACEFABRIC
Lee Cooper
Lexington Home Brands
Mervyns

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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