Onyx Partners acquires Kane's Furniture in two-phase deal

Onyx Partners, a Needham, Massachusetts-based private equity and commercial real estate firm, has acquired Kane's Furniture in a two-phase transaction involving 18 properties across Florida. The first phase, covering 11 properties, closed in October 2026. The second phase, covering the remaining seven properties, is expected to close in early 2027.

Kane's Furniture began as a single showroom in St. Petersburg, Florida, in 1948 and grew into a statewide home furnishings retailer. The properties are large-format retail sites along established commercial corridors in several major Florida markets.

Onyx said it plans to work with Kane's ownership through the remaining phase. Anton Melchionda, founding partner of Onyx Partners, said the firm was pleased to partner with Kane's ownership and expected to position the properties for long-term success.