M&A Deal Summary

AFR Furniture Rental Acquires Brook Furniture Rental

On August 31, 2023, AFR Furniture Rental acquired business services company Brook Furniture Rental from Agman

Acquisition Highlights
  • This is AFR Furniture Rental’s 1st transaction in the Business Services sector.
  • This is AFR Furniture Rental’s 1st transaction in the United States.
  • This is AFR Furniture Rental’s 1st transaction in Illinois.

M&A Deal Summary

Date 2023-08-31
Target Brook Furniture Rental
Sector Business Services
Buyer(s) AFR Furniture Rental
Sellers(s) Agman
Deal Type Add-on Acquisition

Target

Brook Furniture Rental

Lake Forest, Illinois, United States
Brook Furniture Rental primarily rents furniture, accessories and related services to individuals, corporations and small companies in the “rent-to-rent” segment of the furniture rental industry. The “rent-to-rent” segments serve both corporate and individual customers who desire flexibility in meeting their temporary and transitional needs. Brook Furniture Rental was founded in 1979 and is based in Lake Forest, Illinois.

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Buyer(S) 1

Buyer

AFR Furniture Rental

Pennsauken, New Jersey, United States

Category Company
Founded 1975
Sector Business Services
DESCRIPTION

AFR Furniture Rental is a furniture rental company. AFR Furniture Rental provides the perfect solution for every type of furniture rental situation including residential, home staging, commercial, special event, and trade show. AFR Furniture Rental was founded in 1975 and is based in Pennsauken, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Agman

Investor Investor Investor Investor Investor


Category Family Office
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Agman is a family-backed private investment firm focused on real estate, private equity, and public equity investing. Agman will consider majority and minority positions and will consider opportunities across a range of industries and business types. The Firm invests at all company stages and has a particular interest in hospitality and insurance. Agman is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 DataXu

Boston, Massachusetts, United States

DataXu is a provider of programmatic marketing software for brands and agencies. The DataXu Platform is cloud-based software that leverages data science and machine learning to optimize return on marketing investment.

Sell $150M