U.S. – Lorraine Capital, LLC, a Buffalo NY private equity firm, in partnership with Landon Capital Partners, LLC, of Boston and Ironwood Capital, LLC of Avon CT, has acquired Bush Industries Inc., a leading office and home furniture manufacturer, in a move that will bolster the company’s ability to serve commercial office and residential customers with quality products meeting the company’s strategic focus: easy, fast, affordable.

“This ownership transition is ideal for Bush Industries because it allows us to partner with an ownership group that invests for the long term and ensures that we can continue to execute strategies that will capitalize on the continued shift in consumer purchases to e-commerce. We have an experienced, reliable and capable workforce, and are pleased Lorraine recognized our team’s strength. We are confident this move will result in continued corporate growth and expanded employment in all phases of our business” said Jim Garde, CEO of Bush Industries.

“The Bush Industries opportunity could not be more tailor-made for Lorraine. Key members of Bush Industries’ management team will remain owners of the company and we look forward to working with them to expand their very strong brand. I am pleased that Mike Evans will stay on as President. Mike has been instrumental in developing and executing Bush’s growth strategy. Furthermore, it fits in well with Lorraine’s goals of investing in Upstate New York businesses where we can make a positive impact on their legacy in our great community” said William Maggio, managing partner with Lorraine.