Pre-High Point M&A Update
Categories: Market, Mergers & Acquisitions, Stump & Company | Published: Oct 1st 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 ...
Fellowes Brands Acquires Trendway Corporation
Categories: Mergers & Acquisitions | Published: Aug 15th 2019
The Stump team is proud to have exclusively represented the selling shareholders in the August 13, 2019 acquisition of Trendway Corporation to Fellowes Brands, a global leader in business products since 1917. Read Fellowes Brand's announcement here.
The Chicago Office Show: NEOCON, June 2019
Categories: Market, NeoCon, News & Events | Published: Jun 12th 2019
Neocon was upbeat and well attended again this year. Our discussions with clients and prospects during our 48 hours in Chicago confirm that most are doing well in this up-cycle, despite the headwinds of Chinese tariffs and the unavailability of labor. Unanimous sentiment was companies are looking to expand and grow.
Quote of the market #1: “Pivot to growth,” was the strategy one acquaintance shared with us.
A few trends of note that we ...
HD Vegas Hospitality Show Update
Categories: Market, News & Events | Published: May 20th 2019
We spoke with over 60 CEOs during our 48 hours in Vegas and the comments felt polarizing this year. For some, attitudes were dampened by the recent Chinese tariffs. They felt decline in attendance and trepidation as key players in the hospitality sector exited the show. Several commented that HD-Vegas is becoming a regional show for the west coast players while BDNY is becoming the major show. Keep an eye on this.
However, most participants ...
Spring High Point Market - April 2019
Categories: Market, News & Events | Published: Apr 12th 2019
An Industry in Transition: April 4 – 9, 2019 – Spring High Point Furniture Market
Our team spent six days at the Spring High Point Furniture Market talking with industry CEOs, a bi-annual highlight. Talk of industry changes, mergers and acquisitions (M&A), real estate movements and new product introductions were in full swing. The general sentiment was that the furniture industry is in transition and management teams need constant vigilance and a ...
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