NEW YORK — After securing a last- minute buyer, LL Flooring is reversing course on shutting down all of its stores.

The hardwood flooring retailer formerly known as Lumber Liquidators signed an agreement Friday afternoon with private equity firm F9 Investments for a sale of its business. Under terms of the deal, F9 will acquire 219 stores, a Virginia distribution center and other assets.

An additional 211 LL Flooring stores are still set to close, however. That includes 117 locations where closings were recently initiated and 94 that were already in the process when the Virginia company filed for Chapter 11 bankruptcy protection Aug. 11.

F9, based in Miami, is owned by Tom Sullivan, who founded Lumber Liquidators over 30 years ago. — Associated Press