The Container Store, a closely held retailer of storage and organization products, said Tuesday that Los Angeles-based private equity firm Leonard Green & Partners agreed to buy a majority stake in the company.
Container Store hired JPMorgan Chase & Co. in February to advise on a possible sale. The Coppell, Texas-based company was founded in 1978 by Chairman Garrett Boone, Chief Executive Kip Tindell and Dallas architect John Mullen.
