Pergament Home Centers
Pergament Home Centers was a home improvement store chain with stores in New York, New Jersey, and Connecticut. It specialized in the sale of flooring, paint, and wallpaper and was one of the first in the area to sell acrylic paint. At its zenith, the chain had 42 stores and sales of $375 million.
In 1989, Mancuso & Co., owned by Robert F. Mancuso, and Equitable Capital Management acquired the company from the founding family for as much as $175 million via a leveraged buyout. Equitable Capital Management invested over $11 million in the acquisition. Michael H. Lurie became president and chief operating officer.
In 1998, the company closed its last store in Connecticut.
In 2013, Bob Pergament, the son of the founder, told his memoirs about the chain.
- PRISTIN, TERRY (February 27, 2001). "Pergament Home Centers, Now Bankrupt, Is Going Out of Business". The New York Times. (Subscription required (help)).
- Madore, James T. (February 29, 2000). "Pergament Home Centers Sold to Venture Capitalists". Newsday. Bloomberg News.
- "Pergament memoir is must-read" (Press release). PR Newswire. August 15, 2013.
- "EQUITABLE CAPITAL PARTNERS, L.P. 1997 Form 10-K". U.S. Securities and Exchange Commission.
- CUFF, DANIEL F. (December 6, 1989). "A New Team in Place At Pergament Chain". The New York Times. (Subscription required (help)).
- "PERGAMENT EXPRESS TO CLOSE LOCAL STORE". Hartford Courant. March 6, 1998.