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    Cort Business Services Corp.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 234,149 30.6
    Net Income 15,936 156.3
    Rank Last Year: 50

    Description:
    Cort Business Services rents furniture and office accessories, and services business trade shows. The company has 118 rental showrooms and 66 furniture clearance centers in most of the country's major cities.

    Business Resume:
    • Contact Info --
      4401 Fair Lakes Court
      Fairfax, Va. 22033
      703-968-8500
    • Main Business --
      Furniture rental--retail
    • Founded --
      1972
    • Chairperson --
      Charles M. Egan
    • President --
      Paul N. Arnold (CEO)
    • Employees --
      2,000
    • D.C.-Area Employees --
      266
    Developments:
    Cort continued to grow last year, acquiring three furniture rental companies, including one in New York. Cort plans to open three more office rental showrooms this year in Las Vegas; El Paso, Tex.; and Huntsville, Ala.

    The company also has entered the trade show market with the purchase of companies in Orlando, Las Vegas and Chicago that provide trade show furniture.

    An unsettled tax issue was resolved, with the company making a $1 million payment to the government. Cort went public in November 1995 and had another stock offering in July, raising an additional $30 million. The cash was used to purchase Evans Rents in Los Angeles for $27 million. The company will operate there as Cort/Evans.

    Copyright 1997 The Washington Post

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