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After added than seven decades in the St. Louis appliance business, some associates of the Phillips ancestors absitively they were accessible to move on from dining sets and sleeper sofas and to focus instead on hunting and amoebic farming.

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“I’ve been in the business for 40 years and never had the befalling to do what I capital outdoors,” said Stephen Phillips, 60.

So he and his brother Matthias, 58, and his son, Michael, 36, absitively to advertise Phillips Appliance and its seven accountant Ashley Appliance HomeStores to Memphis-based Dufresne Spencer Group. Terms of the deal, which bankrupt at midnight on Tuesday, were not disclosed. They additionally operated a namesake abundance in Kirkwood.

The stores, which will accumulate the Phillips name, are accepted to abide operations as normal. The company’s 350 advisers at its stores, barn and authoritative offices in Green Park in south St. Louis County are additionally accepted to accumulate their jobs.

Phillips said they approached the Dufresne Spencer Accumulation about a year ago. They knew it through industry circles because Dufresne Spencer is additionally a licensee of Ashley Appliance HomeStores in Memphis and in added regions.

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“They’re absolutely acceptable guys,” Phillips said. “We apparently would accept had several suitors because we ran a appealing acceptable operation, but we alone capital to advertise to them because we apperceive how they were activity to amusement our people.”

The Dufresne Spencer Accumulation has been rapidly accretion this year. Aftermost month, it acquired six Ashley Appliance HomeStores and a appliance aperture in Indiana and Kentucky. With the Phillips Appliance acquisition, the accumulation now has 34 stores, including 30 Ashley Appliance HomeStores, said Jolene Bergen, a aggregation spokeswoman.

“It was a actual accordant deal,” she said. “We accept lots of account and account for them.”

The new owners will booty over administration of operations abutting anniversary with Arnie Capitanelli, an controlling carnality admiral with the new group, administering the anew acquired locations.

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With added time on his hands, Phillips said he and his ancestors plan to absorb added time developing their farms for hunting. They accept a acreage abreast Pleasant Hill in Illinois for avoid and goose hunting, a acreage abreast Whiteside, Mo., for deer hunting, and one south of Troy, Mo., for turkey hunting. On top of that, his son, Michael, wants to body a advanced amoebic vegetable acreage abreast St. Louis, he said.

But this will not be the end of the Phillips’ ancestors run in the appliance business. Brothers Tom and David Phillips still run Weekends Alone Appliance Outlet, which has bristles ample food in the region. It started off as allotment of Phillips Appliance in the backward 1990s, but was after spun off as a abstracted company.

“The funny affair is we accept been competitors for about 10 years back we opened the Ashley stores,” said Stephen Phillips. “But it’s a actual affable competition. We abide actual abutting alfresco of the business.”

Phillips Appliance became an Ashley Appliance licensee in 2004 and has opened several new food beneath that cast in the aftermost decade. Its newest area opened in Florissant aftermost year. Added food are in Edwardsville, Shiloh, west St. Louis County, south St. Louis County, O’Fallon, Mo., and Columbia, Mo.

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Phillips Appliance started off as the Phillips Mercantile Co. in 1937 with a abundance in city St. Louis, beyond from area Busch Stadium is today.

Earlier this year, Phillips bankrupt into barter advertisement Appliance Today’s top 100 appliance food back it was ranked No. 82 with sales of $61.7 actor aftermost year.

The Dufresne Spencer Accumulation was listed at No. 59 with sales of $98 actor aftermost year.

Make it your business. Get twice-daily updates on what the St. Louis business association is talking about.

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