[Detroit Bob]

I don't believe anything good can come from this. The Coughlin family are racers and business people. Private equity is just money.
Art Van was a large furniture chain started in the Detroit Area 40 years ago.
The principal dies, the wife and kids sell the firm off to private equity. Which in turn loaded it with debt. 2 years later poof, liquidated. Gone!
Private equity will run over their mothers and grandmothers to make a dollar.