Martin Furniture has been acquired by investment firm Teamshares, according to a LinkedIn post by owner Gil Martin. The purchase price was not disclosed in the source.
Gil Martin sold the company as he retires from the business. He started Martin Furniture in 1980 as a hobby, building furniture out of his garage. The company is described in the source as a case goods importer.
Teamshares typically acquires companies from owners who are retiring, according to the source.