2017 in Review & 2018 in Preview
Categories: Mergers & Acquisitions, News & Events, Stump & Company | Published: Jan 15th 2018
The 2017 M&A climate was robust, at levels not seen since before the 2008 crash. This meant a terrific year in furniture acquisitions and for Stump & Company. Our boutique M&A firm closed 7 transactions across the Residential, Hospitality, & Contract sectors of the industry:
In addition to a record setting bull stock market, generous bank lending, and an upbeat economic environment, the 2017 M&A activity in furniture was the result of a confluence of ...
New York Hospitality Show: BDNY - November 2017
Categories: Market, News & Events | Published: Nov 16th 2017
BDNY (Boutique & Design: New York) was packed and energetic, with many companies reporting record traffic. The Javitz Center format continues to be a hit with small booths that enable companies to efficiently display capabilities and conduct meaningful business without an undue amount of overhead. In fact, BDNY has been deemed the fastest growing trade show in our industry.
We spoke with over 50+ industry CEOs during an action packed two days. Overall reports indicate ...
High Point - Confidence, Energy, Strong Capital Flow
Categories: Market, News & Events | Published: Oct 20th 2017
A Market On The Move!
The weeklong Fall Residential High Point Market was upbeat. The air seemed to be charged with a sense that this is A Market on the Move with new destination showrooms opening left and right and many more under construction, as well as the change of hands of the core of the High Point Markets’ real estate. The purchase of International Market Centers in High Point and Las Vegas by Blackstone ...
As We Prepare for the October 2017 Furniture Market...
Categories: Market, News & Events | Published: Sep 28th 2017
This fall has been a busy season in the M&A market and for Stump & Company. We have closed 2 transactions over the past 2 months, and have two more nearing completion in the weeks ahead. We have observed a compelling balance of buyers and sellers in all furniture industry sectors.
There are strong strategic buyers that are interested in growth and diversification of products. Private equity companies have invested in the space, which indicates ...
NeoCon - June 2017
Categories: NeoCon, News & Events | Published: Jun 15th 2017
Chicago Office/Contract Show: 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.
Quote of the market #1: "This feels like the go-go years of the 1990s" opined one veteran sales rep.
Change is occurring in the sector as traditional desking and systems/cubicles are giving way ...
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