Kittle’s Home Furnishings Center, Inc.

Client Profile
Kittle’s Home Furnishings Center, Inc. (“Kittle’s” or the “Company”) is a promotional to high-end furniture retailer headquartered in Indianapolis, Indiana. In 1996, the Company embarked on a strategy to establish a leading position in the Columbus, Ohio market by opening multiple retail locations and a distribution center. The retail stores are recognized destinations for a wide selection of furniture and bedding at multiple price points offered by a trained staff known for exemplary service.
Situation
While the Columbus operation was performing well, Kittle’s was open to a sale in order to focus entirely on its business in Indiana.
Solution
SSG was retained by the Company for the purposes of marketing the Columbus operation and soliciting offers from a select universe of strategic buyers with a compatible corporate culture. The offer from American Signature, Inc., a subsidiary of Schottenstein Stores Corporation, was accepted to maximize value for the Company and its stakeholders and assure a bright future for the Company’s Ohio employees.