September 30, 2016 1:35 PM ET

Commercial Services and Supplies

Company Overview of CORT Business Services Corporation

Company Overview

CORT Business Services Corporation provides furniture rental and relocating services in the United States and internationally. It offers services and solutions for individuals facing life’s transitions and companies looking to make changes to their workplace or showcasing their company. The company serves enterprises, higher education institutions, government agencies, entertainment companies, multifamily housing groups, and Fortune 500 companies. CORT Business Services Corporation was formerly known as New CORT Holdings Corporation and changed its name to CORT Business Services Corporation in December 1995. The company was founded in 1972 and is based in Chantilly, Virginia. It has offices,...

15000 Conference Center Drive

Suite 440

Chantilly, VA 20151

United States

Founded in 1972

2,300 Employees

Phone:

800-962-2678

Fax:

703-968-8502

Key Executives for CORT Business Services Corporation

Chief Executive Officer and President
Age: 56
Chief Financial Officer
Chief Operating Officer
Chairman, President of General Furniture Leasing Company And Chief Executive Officer of General Furniture Leasing Company
Age: 79
Vice Chairman
Age: 65
Compensation as of Fiscal Year 2016.

CORT Business Services Corporation Key Developments

CORT Announces Executive Changes

CORT has announced that company leaders, Lloyd Lenson and Mike Davis have been promoted. Lenson, who previously served as chief operating officer, will now serve as vice chairman of CORT. Davis, previously executive vice president, is promoted to chief operating officer. Davis’ new appointment includes responsibility and oversight for company operations, including the CORT Furniture Rental and Trade Show & Events businesses. A nearly 20-year CORT veteran, Davis served as executive vice president for two years and group vice president for eight years. In Lenson’s new role, he will work closely with CORT’s CEO on long-term, strategic goals for the organization. In addition, he has executive oversight of CORT’s merchandise, asset management and real estate departments and is the executive in charge of the Roomservice by CORT business in the UK, the Housewares Division and the Party Rental business. Lenson has held numerous roles at the company and served as chief operating officer for more than 15 years.

Kieraya Furnishing In Talks To Form An Alliance With CORT

Kieraya Furnishing Solutions Pvt Ltd. is in talks with Cort Business Services Corporation (‘Cort’) for an alliance. Ajith Mohan, founder of Kieraya Furnishing, said, "We are in talks with Cort, an office furniture and corporate relocation services company which was acquired by Warren Buffet’s Berkshire Hatchway, to ink an alliance with it to leverage global experience of the US-based company and apply it to improve its business in the Indian market. If the talks go well, we will reach the pact with Cort by next quarter, that’s in March 2016."

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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