New York -based The Yard has reportedly been in discussions with competitors about selling part or all of the company. Sources said it has held talks with Blackstone , the London -based subsidiary of Knotel and Office Group , which has 14 locations and has been trying to break into the Virginia market. Talks with both companies have ended without a deal. The Yard , which confirmed it had been in talks, is now working with investment bank Houlihan Lokey to raise funds to grow the company. Founded in 2011 in Williamsburg , New York , the co-workspace operator now has 14 locations.
New York-based The Yard has reportedly been in discussions with competitors about selling part or all of the company. Sources said it has held talks with Knotel and Office Group, the London-based subsidiary of Blackstone, which has 33 locations and has been trying to break into the New York market. Talks with both companies have ended without a deal. The Yard, which confirmed it had been in talks, is now working with investment bank Houlihan Lokey to raise funds to grow the company. Founded in 2011 in Williamsburg, Virginia, the co-workspace operator now has 14 locations.