Now that Lumber Liquidators is back in the hands of founder Tom Sullivan, the company is moving its headquarters to its distribution center in Sandston, Va., Richmond BizSense reported.
Sullivan’s deal to purchase the bankrupt LL Flooring company did not include assumption of its currency Henrico, Va., headquarters, so the newly branded company is moving.
The one million-square-foot distribution center was sold to data center giant QTS in the bankruptcy proceeding, and QTS agreed to lease the building for at least two years to Sullivan’s group, Richmond BizSense reported.
LL Flooring sold its 216 stores, inventory and intellectual property to Sullivan’s private equity firm F9 Investments; F9 has since rebranded the company back to its original name, Lumber Liquidators.
On Sept. 6, Sullivan’s private equity firm, F9 Investments, reached a deal to buy LL Flooring days after LL Flooring announced it was closing all its stores and liquidating. A bankruptcy court then approved a $40 million sale of LL Flooring to F9.
As part of the deal, F9 agreed to keep jobs for up to 1,000 employees at the stores.
Lumber Liquidators is now led by Jason Delves, president and CEO of F9 affiliate F9 Brands.
