# Onyx Partners Ltd Acquires Kane's Furniture, Closing 11 Florida Properties First

> Onyx Partners Ltd acquired Kane's Furniture LLC, closing 11 Florida retail properties in October 2026 and scheduling seven more to close in early 2027.

- Published: 2026-11-04T18:16:03+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-04/onyx-partners-acquires-kanes-furniture
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/onyx-partners-ltd-acquires-kanes-furniture-llc-302929585.html)

## Key takeaways

- Onyx Partners Ltd acquired Kane's Furniture LLC, with the first phase of 11 properties closing in October 2026.
- The second phase, covering the remaining seven properties, is scheduled to close in early 2027.
- Kane's Furniture was founded in 1948 and grew from a single St. Petersburg showroom into a statewide Florida brand.

Onyx Partners Ltd. has acquired Kane's Furniture LLC, completing the first phase of 11 properties in October 2026, with the remaining seven properties scheduled to close in early 2027, [PR Newswire](https://www.prnewswire.com/news-releases/onyx-partners-ltd-acquires-kanes-furniture-llc-302929585.html) reported on November 4, 2026. The price was not disclosed. [Onyx Partners Ltd](https://akta.pro/company-profiles/0051onx/onyx-partners-ltd) is a Needham, Massachusetts-based private equity and commercial real estate firm. Kane's Furniture, founded in 1948, grew from a single showroom in St. Petersburg into a statewide Florida brand.

## How the Kane's Furniture Deal Is Structured

The acquisition is being completed in two phases. The first phase, comprising 11 properties, closed in October 2026, and the second phase, comprising the remaining seven properties, is scheduled to close in early 2027. The real estate portfolio consists of large-format retail properties along established commercial corridors in many of Florida's most active markets.

"Kane's has been part of Florida furniture retail for decades, and we're pleased to partner with its ownership on this transaction," said Anton Melchionda, Founding Partner of Onyx Partners Ltd. "These are well-located properties in one of the country's strongest retail markets, and we look forward to positioning them for long-term success."

Onyx Partners describes a national platform in private equity and commercial real estate. Its principals have completed more than 100 transactions representing over $2 billion in enterprise value over 40 years, according to the firm's announcement.

## Onyx Partners' Transaction Record

According to akta.pro [company records](https://akta.pro/company-data), Onyx Partners has principled $2 billion in private transactions across 47 Continental US states. The same records describe the firm as a Needham-based private investment partnership serving high-net-worth and institutional investors through a relationship-driven distribution model. The records list a headcount range of 1-10 and a revenue estimate of $1 million-$5 million.

## Florida and London Property Deals Elsewhere

Omninet Capital acquired Waterview Crossing, a 343-unit multifamily community in Orlando's Rosemont neighborhood, in an all-cash deal closed in 14 business days, [EIN Presswire](https://www.einnews.com/pr_news/953215975/omninet-capital-acquires-343-unit-waterview-crossing-in-orlando-expanding-its-orlando-portfolio-to-over-1-800-units) reported on November 4, 2026. White Bridge Capital invested in Gencom's acquisition of Rosewood London, a 308-key luxury hotel, [Business Wire Blog](https://www.businesswire.com/news/home/20261103834978/en/White-Bridge-Capital-Invests-in-Gencoms-Acquisition-of-Rosewood-London) reported on November 3, 2026. China Resources Land's subsidiary won a public auction on October 30, 2026, bidding RMB 1.109 billion for 100% of Shenzhen Hubailexing Real Estate Development, [Moomoo](https://www.moomoo.com/news/post/1003283754/hong-kong-stocks-in-focus-china-resources-land-01109-rises) reported on November 3, 2026.

## When the Remaining Seven Properties Close

The second phase of the Kane's Furniture acquisition, covering the remaining seven properties, is scheduled to close in early 2027, according to the announcement.

## Companies in this story

- [Onyx Partners Ltd company profile](https://akta.pro/company-profiles/0051onx/onyx-partners-ltd) · website: https://onyxpartnersltd.com

---
News for Agent · https://newsforagent.com/llms.txt