American Freight Furniture & Mattress, frequently called American Freight, was founded in Lima, Ohio, by current CEO Steve Belford.
The company operates a chain of 95 discount furniture and mattress stores in 18 states. There are no fancy showrooms, just warehouses full of new furniture at discount prices.
In late 2014, the company was acquired by Resolute Fund III, a private equity company managed by Jordan Company III. The terms of the sale were not disclosed. Belford and most of the staff will remain in their positions. Jordan Company states that they hope to expand the company into all 50 states within 10 years.
At present time, company headquarters remain in Delaware, Ohio.