O'Shaughnessy Holding Company acquires Cowboy Maloney's, ending a 74-year family run
What's the deal? O'Shaughnessy Holding CompanyDealroom has a profile for this one. Try Dealroom → has acquired Cowboy MaloneyDealroom has a profile for this one. Try Dealroom →'s, the 13-store Mississippi appliance, electronics, and furniture retailer, in a transaction finalized in March 2026. The Edina, Minnesota-based holding firm reached out to the founding Maloney family, ending decades of family ownership. Financial terms were not disclosed.
Why now? The Maloney brothers — Con, Eddie, and Johnny — had run the chain for decades, but Eddie died in 2022, prompting the family to plan a transition. "I'm getting up there in age. Con is getting up there, too, and with Eddie being gone, it was just time to do something," Johnny Maloney told the Clarion Ledger.
The backstory: Founded in 1952 by James C. "Cowboy" Maloney and his wife, Dolly, the business started as a lumberyard selling built-in appliances for new homes. Over 74 years it grew into a statewide retailer, with showrooms in Jackson, Pearl, Columbus, Hattiesburg, and Flowood.
The chain earned national recognition in consumer electronics. Its Interstate 55 North store in Jackson hosted the world's first commercial sale of a DirecTV digital satellite home system on June 17, 1994. It also sold the first commercial Sirius satellite car radio in 2002 and the first DishNET satellite system in 2012.
Who is the buyer? Founded in 2005, O'Shaughnessy Holding Company is a private, family-owned investment office focused on consumer goods, technology, real estate, and business development. Its holdings include Element ElectronicsDealroom has a profile for this one. Try Dealroom →. The Maloney family has known chief executive Mike O'Shaughnessy, a former Frigidaire Electrolux employee, for years.
What changes? O'Shaughnessy plans to invest in the business, remodeling and remerchandising existing stores, adding new locations, and improving e-commerce. "Since 1952, the Maloney family built something very special in Mississippi, and we're honored to carry that legacy forward," O'Shaughnessy said. The chain's 100 employees stay on.
The signal: The deal shows how larger holding companies are absorbing legacy regional retailers as family owners age out. For O'Shaughnessy, buying an established brand with statewide reach offers a faster route into retail than building from scratch.
Read more: Yahoo Finance
