Skyline Investors has purchased Buddy’s Home Furnishings, a rent-to-own franchisor of furniture, electronics and appliances with more than 220 locations across 18 states and Guam. Financial details of the acquisition were not disclosed.
“This is an exciting new chapter for Buddy’s,” said Michael Bennett, CEO of Buddy’s in a statement. “Skyline brings a collaborative mindset that our franchisees and customers will feel immediately. We’re not just changing ownership; we’re gaining committed partners who understand our business, value our franchise network and are ready to invest in our collective success.”
Skyline structured its investment alongside affordable housing developer Standard Communities’ Co-founders and Principals Jeffrey Jaeger and Scott Alter, whose expertise complements Buddy’s mission of serving families across the U.S. Jaeger and Alter bring deep experience in capital formation, balance sheet management and strategic growth to the partnership with Skyline, helping ensure Buddy’s is well-capitalized and positioned to invest meaningfully in growth, innovation and long-term value creation.
For its part, Skyline is focused on supporting franchise health and operational improvements with a long-term collaborative approach that builds on its experience investing in rent-to-own businesses, including Majik Rent-to-Own.
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“Buddy’s represents exactly the type of platform opportunity we’re built to support,” said Kevin Tom, Founder and Managing Partner at Skyline Investors in a statement. “With Buddy’s proven brand and strong franchise network, there’s a clear runway for growth.”
