News

2021 is Expected to be a Boom Year for Mergers and Acquisitions

Originally published in Business of Furniture

by Bo Stump and Stuart Stump Mullens

2020 will go down in history as an epic year of frustration, disappointment, hardship and much more. In the business world, however, we have seen an amazing stock market rally, encouraging data on a quick macro-economic recovery and positive signs for a stronger 2021. 

In the commercial furniture sector, we are witnessing a seismic shift due to the work-from-home (WFO) movement, direct-to-consumer ...

An Outlook on the Furniture Industry

Originally published in Axial

by Bo Stump

The furniture industry, like many others, has experienced rapid changes this year. Most notably: Consumption Patterns. The existential COVID-19 mandate to work (or for many, live) at home all day, every day, has been a boon to home and home office furnishings suppliers, as many consumers realized they needed a better home office, while others took the opportunity to upgrade dining and living areas. Many employers now give ...

Reflections on 2020 and a look forward to 2021

Originally published in Home News Now

Stump & Co.’s Bo Stump is optimistic about the year ahead, projecting sustainable high demand and a supply chain gradually regaining balance

by Bo Stump

When 2020 began our country was dealing with a presidential impeachment process, a roaring economy, a record setting stock market, and hopes of sustaining a 10+ year business cycle.

Bo Stump
Bo Stump

On February 24th we attended Billy Joel’s monthly concert in NYC’s Madison ...

VAUGHAN BENZ IS ACQUIRED BY MANDY LI COLLECTION

November 18, 2020

Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Vaughan Benz® in its recently completed acquisition by Mandy Li Collection®, which closed on Friday November 13th. Longtime friends of both high-end hospitality players, the Stump team was thrilled to bring these two parties together.

Vaughan Benz® founders David Benz and Scott Vaughan expressed a driving desire during the transaction to preserve the company's commitment ...

URBAN HARDWOODS, LLC IS ACQUIRED BY URBAN LUMBER COMPANY INC.

November 6, 2020 

Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Urban Hardwoods, LLC (“Urban Hardwoods” or the “Company”) in its recently completed acquisition by Urban Lumber Company Inc. (“Urban Lumber”). 

Founded in 2001, Urban Hardwoods specializes in the salvage, milling, curing, design and fabrication of beautiful live edge tables. Urban Hardwoods furniture is handcrafted in Seattle, Washington and ninety percent of materials are sourced ...

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