Praesidian Capital has exited its investment in House of Television Rentals Inc, a Jamestown, New York-based operator of stores that offer appliances, electronics, and furniture to customers on a “rent-to-own” basis. No financial terms were disclosed.
PRESS RELEASE
NEW YORK, Feb. 1, 2022 /PRNewswire/ — Praesidian Capital, a leading middle market private equity firm, announced today that it has successfully exited its investment in House of Television Rentals, Inc. (“HOTV” or the “Company”). Praesidian’s exit was in concert with a sale of the business to Arona Corporation.
HOTV, headquartered in Jamestown, New York, operates stores in Western NY and Northwestern PA that offer appliances, electronics, and furniture to customers on a “rent-to-own” basis.
Tom Duffy, Praesidian Capital Partner, commented: “During our partnership, the talented management team initiated and executed on several critical strategic initiatives. We are very pleased with the outcome of this investment and believe HOTV is well positioned for continued success.”
About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on control investments in private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. For more information, visit www.praesidian.com.
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