Grand Appliance has successfully acquired The Appliance Barn, aiming to enhance its regional footprint in Eastern Iowa and strengthen its commitment to customer service.

Target Company Overview

Grand Appliance, a fourth-generation family-owned appliance retailer, has strategically acquired The Appliance Barn, which is a trusted third-generation family-owned appliance retailer based in Kalona, Iowa. This acquisition will enhance Grand Appliance's presence in Eastern Iowa as part of its growth strategy, which now includes plans for a new 42,000 square foot destination showroom and operations facility in the region. With 29 retail locations across several Midwestern states, Grand Appliance aims to provide better services and products to an expanding customer base.

The Appliance Barn is renowned for its high-touch customer service and longstanding community relationships. Established in 1960, it caters to its loyal customers through a commitment to quality and personalized service, characteristics that align closely with the values upheld by Grand Appliance.

Industry Overview in Iowa

The retail appliance industry in Iowa has seen significant transformation in recent years. Robust economic growth and rising disposable incomes have contributed to an increased demand for appliance