Onyx Partners Buys Kane's Furniture Florida Stores
Massachusetts private equity firm Onyx Partners Ltd. is acquiring 18 Florida retail properties from Pinellas Park-based Kane's Furniture.
Updated on Nov. 4, 2026 in Retail
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Onyx Partners Ltd. has acquired Kane's Furniture, a Pinellas Park-based furniture retailer with nearly 80 years of history. Onyx closed on 11 of the 18 retail properties in October 2026 and scheduled the remaining seven for early 2027.
Why it matters
The deal changes ownership of a long-established Florida furniture chain with more than 1 million square feet of showroom space across the state. Florida shoppers and the Tampa Bay market where Kane's has long operated may see changes as the new owner repositions the properties.
The deal covers 18 retail properties, with 11 closed in October 2026 and seven scheduled for early 2027. The purchase price was not disclosed, and it is unclear how Kane's 17 currently advertised stores map onto the 18 acquired properties.
The players
Onyx Partners Ltd.
A Massachusetts private equity firm based in Needham that has completed about 100 transactions worth roughly $2 billion in enterprise value over four decades.
Kane's Furniture
A Florida furniture retailer headquartered in Pinellas Park with nearly 80 years of history and more than 1 million square feet of showroom space statewide.
The details
Onyx Partners Ltd., a Needham, Massachusetts private equity firm, is acquiring Kane's Furniture, which started in 1948 when Maurice A. Rothman opened a showroom in St. Petersburg. Kane's has grown through acquisitions, including Savon Furniture in Sarasota in 1979 and Kane's of Orlando in 1987.
Timeline
1948: Maurice A. Rothman opens a furniture showroom in St. Petersburg.
1958: The business opens a roughly 50,000-square-foot store in St. Petersburg.
1979: Kane's acquires Sarasota-based Savon Furniture.
1987: Kane's acquires Kane's of Orlando.
October 2026: Onyx closes on the first 11 retail properties.
Retail Consolidation
The acquisition follows Kane's own history of buying regional competitors, including Savon Furniture in 1979 and Kane's of Orlando in 1987. Onyx's staged closings of 18 properties show how private equity buyers have assembled established regional furniture chains rather than buying them in a single transaction.
Shoppers at Kane's Florida locations may see changes in pricing, product availability, or store operations as the new owner takes control. Customers with existing Kane's delivery or warranty arrangements should watch for any announcements about how those services will continue.
The takeaway
Ownership changes at established retailers can affect customers in ways that are not immediately visible. Shoppers with pending orders or warranties may want to confirm service terms with Kane's directly as the transition proceeds.
What happens next
Onyx is scheduled to close on the remaining seven retail properties in early 2027.
Further reading
For more on the retail sector, see Retail coverage.
Source note: This article includes information reported by Tampa Bay Business & Wealth.
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