August 25, 2014
Brook Furniture Rental Plans For National Expansion
Brook Furniture Rental (“Brook”) announced today that it plans to close a transaction with Agman Partners (“Agman”), a multi-strategy investment firm representing the Silverman family of Chicago and Omaha, under which an affiliate of Agman will acquire all of the outstanding shares of Brook. The transaction is subject to customary closing conditions and is expected to be completed by the end of the third quarter 2014.
Brian Morrissey, a Senior Advisor to Agman commented, “Brook has demonstrated strong, sustainable growth based on high quality standards, excellent management, and its commitment to unflinching customer service. We look forward to working together with Brook’s team members , suppliers, and customers as we invest in and support the company’s ongoing growth efforts.” Brook will continue to operate as a stand-alone company, retain its current name, and continue to be headquartered in the Chicago area. Its new Board of Directors will be chaired by Howard Scott Silverman, and include Brian Morrissey, and Brook CEO Bob Crawford III.