M&A Deal Summary

Rugs Direct Acquires Lightopia

On January 10, 2022, Rugs Direct acquired retailer Lightopia

Acquisition Highlights
  • This is Rugs Direct’s 1st transaction in the Retail sector.
  • This is Rugs Direct’s 1st transaction in the United States.
  • This is Rugs Direct’s 1st transaction in California.

M&A Deal Summary

Date 2022-01-10
Target Lightopia
Sector Retail
Buyer(s) Rugs Direct
Deal Type Add-on Acquisition

Target

Lightopia

Manhattan Beach, California, United States
Lightopia is an omnichannel lighting retailer for residential customers and trade professionals. Lightopia is based in Manhattan Beach, California.

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Buyer(S) 1

Buyer

Rugs Direct

Winchester, Virginia, United States

Category Company
Founded 1997
Sector E-Commerce
DESCRIPTION

Rugs Direct is an online retailer of decorative area rugs for consumers, professional designers, and commercial customers throughout the U.S. and Canada. Rugs Direct provides customers with a virtual product portfolio of over 200,000 SKUs across a diverse range of lifestyles and aesthetics, including contemporary, bohemian, and traditional. Rugs Direct was founded in 1997 and is based in Winchester, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1