News

Q1 2021 Update

The Stump team had a strong Q1 performance as the home furnishing industry continued its own impressive growth trends. 

Merger and Acquisition interest is high, as evidenced with our recently announced transactions:  

  • Braxton Culler was acquired by Classic Home: a large global casegoods/lifestyle company acquiring a leading North Carolina better-end upholstery manufacturer. 
    • We saw broad interest in Braxton Culler from a variety of casegood companies, offshore importers, and other upholstery companies ...

A Furniture History Lesson

Originally published in Furniture Today

by Tim Stump

Our most recent transaction, the sale of Braxton Culler, Inc., is a classic win-win Stump deal, with clear synergies for the buyer and a terrific steward for Braxton’s compelling legacy. It is also a prime example of long-term relationships driving successful deals, as it has been our pleasure to know the Culler family for decades. We wanted to take a moment to reflect on the Company and ...

BRAXTON CULLER, INC. IS ACQUIRED BY CLASSIC HOME, INC.

March 15, 2021
Los Angeles, CA & High Point, NC

STUMP & COMPANY SERVED AS EXCLUSIVE FINANCIAL ADVISOR TO BRAXTON CULLER

Classic Home, Inc. announced today that it has acquired 100% of Braxton Culler, Inc., a leading manufacturer of higher end upholstery and occasional wood furniture based in High Point, NC. Classic Home is a Los Angeles based designer, importer and marketer of lifestyle furnishings, and the acquisition of Braxton Culler is its first entry ...

Furniture Today: Classic Home acquires Braxton Culler

Originally published in Furniture Today

By Thomas Russell

LOS ANGELES – Whole home furniture resource Classic Home has acquired upper end upholstery manufacturer Braxton Culler Inc., providing the company a domestic manufacturing presence in the upholstery segment.

The company did not reveal a purchase price for Braxton Culler, or other specifics of the deal, other than to say it has purchased 100% of the High Point area-based company.

In addition to a line of domestically ...

The E-Commerce Revolution

Originally published in Furniture Today

By Stuart Stump Mullens

COVID-19 has perhaps accelerated the adoption of online consumer purchasing by 10 years. The massive growth rates in 2020 of some of the largest e-commerce platforms selling furniture are staggering:

  • Amazon grew 38% and added over $100 billion in revenue. Q4/2020 showed sales growth of 44%.Total revenues are approaching $400 billion.
  • Wayfair has a 50% compounded growth rate since 2014. Revenues for 2020 will ...
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