At Home Group has revealed their recent acquisition with Hellman & Friedman (H&F), a premier global private equity firm. Lee Bird, At Home’s Chief Executive Officer, is optimistic for the future growth of the home decor chain with their new partner.
“As we enter the next chapter for our company, H&F is the ideal partner to advance our At Home 2.0 long term strategy. Together with H&F, we will have the resources and flexibility to provide our customers with a differentiated experience that meets their evolving needs. This transaction is a testament to the achievements of our team members, and I would like to thank each of them for all they do each day to contribute to the success of At Home,” Bird said.
The brand’s recent business venture is a true testament to their solid business model and future success.
“As the leading value retailer of home décor offering unmatched breadth and depth of product assortment at everyday low prices, At Home is well positioned to continue its long track record of store expansion and growth. At Home’s differentiated, low-cost operating model is disruptive to the traditional home channels and provides a strong opportunity for market share gain. This acquisition is consistent with Hellman & Friedman’s strategy to invest in market-leading businesses with substantial runway for growth, and we are looking forward to partnering with At Home’s talented management team to help capture the significant market opportunity in front of the Company,” said Erik Ragatz, Partner at H&F.
At Home has been a prominent industry player with their brick-and-mortar initiatives over the past year. The brand recently resumed their growth strategy with the openings of three new stores, bringing their total location count to 222. This year alone, At Home open 15 additional stores this year.
“We are thrilled to continue toward our long-term potential of operating 600-plus stores in the U.S. Our business has never been stronger and there is enormous growth potential for At Home. With the success of the last three quarters, we continue to take significant market share and emerge as a major winner in the home décor space. Our business is resonating with customers across the country, and we are excited to bring new At Home stores from coast-to-coast,” Bird said.
About At Home
At Home (NYSE: HOME), the home decor superstore, offers up to 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal decor. At Home is headquartered in Plano, Texas, and currently operates 226 stores in 40 states. For more information, please visit us online at investor.athome.com.