Recent M&A Transactions

Happy New Year! The Stump team is looking forward to 2024 and what we believe will be an improving M&A environment. We also reflect back to 2023, which matched our record for number of completed transactions, despite a reported 30% drop in total M&A deals across the broader U.S. market. Our fourth quarter was huge, with five significant deals closing around year end (some pushed to early January to delay taxes - a frequently used legal tactic).

Z Gallerie acquired by Karat Home

Z Gallerie‘s e-commerce assets were acquired by Karat Home in a Chapter 11 bankruptcy process. Karat intends to accelerate their US e-commerce business with Z Gallerie’s brand, DTC channel, and product mix.

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Stylex acquired by Flokk

Stylex was acquired by Flokk in a blockbuster cross-ocean transaction. Flokk is one of Europe’s largest manufacturers of office seating and furniture, and the addition of Stylex brings a US brand and manufacturer of luxury soft seating into the wider Flokk portfolio.

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Grand Basket acquired by Twin Star

Grand Basket was acquired by Twin Star International to add direct import, casual products, to Twin Star’s product assortment.

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Leathercraft acquired by OHD

Leathercraft was acquired by Our House Designs, bringing two well-known leather producers together to enhance brand reach and improve manufacturing efficiency.

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ROOM acquired by OFS

OFS, a leading manufacturer in workplace, healthcare, and hospitality furniture, acquired ROOM, a renowned name in adaptive architecture specializing in modular workspace products.

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Congratulations to our clients, and best wishes to all these buyers in the new year ahead.

We expect M&A to accelerate in 2024 as we maintain a healthy backlog of sell-side assignments, including companies in the following sectors:

• Domestic upholstery manufacturing
• Hospitality furniture
• Flooring distribution
• Lighting and decor
• Casual/outdoor furniture

Call us, let’s start a conversation.

For those going to Las Vegas for the Winter Market, we look forward to seeing you there.