Oct. 1, 2019

Pre-High Point M&A Update

M&A Update 2019

This has been a busy season in the M&A market. Activity remains strong across residential, hospitality, and contract furniture. We continue to observe a compelling balance of buyers and sellers in each of these furniture industry sectors. There are strong strategic buyers interested in growth and diversification of products and manufacturing capabilities. Private equity companies are investing in the space, indicating that there is additional investment to follow. Finally, Asian money continues to seek US investment. 

This has also been a busy season for Stump. We have closed 2 transactions over the past 2 months, and have two more nearing completion in the weeks ahead. This is an exciting time in the market cycle to be entering the High Point Furniture Market.

Stump Team Update:
Stump is pleased to announce that Stuart Stump Mullens has been promoted to Partner and will continue to bring her insights and passion for the industry to the M&A team.

Key Take Aways:
• The M&A market is open and transactions are happening across our Industry.
• Prospective Buyers are looking for growth, profitability, and strong management teams. If you need help getting there, we are happy to help.
• Tariffs and E-Commerce are changing the rules. There is growth in our market, but it is only for those that have a compelling value proposition in this fast paced and open environment.
• Stump & Company is well positioned for the future and growth with a third generation securely in place.
• Now may be the time for you to sell! Give us a call if you would like to discuss valuations or a transaction.

Related News

NeoCon 2017
Market

NeoCon - June 2017

The halls were jammed this year for the annual commercial furniture exhibition in Chicago. Attitudes were upbeat and most of our clients are signaling good sales and profits for the year.
NeoCon 2017

NeoCon - June 2017

The halls were jammed this year for the annual commercial furniture exhibition in Chicago. Attitudes were upbeat and most of our clients are signaling good sales and profits for the year.
Las Vegas Winter Market - January 2015
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Las Vegas Winter Market - January 2015

Mergers & Acquisitions are front and center as the general economy is getting stronger, the furniture trends are positive, and capital remains relatively cheap. Strong companies are buying weak ones, large companies are buying small ones, and Private Equity is furiously looking for deals given their huge pool of available funds.

Las Vegas Winter Market - January 2015

Mergers & Acquisitions are front and center as the general economy is getting stronger, the furniture trends are positive, and capital remains relatively cheap. Strong companies are buying weak ones, large companies are buying small ones, and Private Equity is furiously looking for deals given their huge pool of available funds.
NeoCon2021
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Neocon & Casual Show Recap

The Stump team attended both the September 20-23 Casual show and the October 4-6 Neocon show in Chicago's famed Merchandise Mart. After a long, COVID-induced pause, we found both to be upbeat despite mixed traffic.
NeoCon2021

Neocon & Casual Show Recap

The Stump team attended both the September 20-23 Casual show and the October 4-6 Neocon show in Chicago's famed Merchandise Mart. After a long, COVID-induced pause, we found both to be upbeat despite mixed traffic.
Spring High Point - 2019
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Spring High Point Market - April 2019

The general sentiment was that the furniture industry is in transition and management teams need constant vigilance and a willingness to adapt to succeed in this rapidly changing environment.
Spring High Point - 2019

Spring High Point Market - April 2019

The general sentiment was that the furniture industry is in transition and management teams need constant vigilance and a willingness to adapt to succeed in this rapidly changing environment.