Categories: Deal Announcements, Mergers & Acquisitions | Published: Nov 18th 2020
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 to quality, integrity and customer service.
“Mandy will take the company that Scott and I founded to a new level of success with the same commitment to quality, outstanding execution, and integrity that we have so passionately strived for since 1986. We look forward to continuing to serve our customers and working with Mandy and her team to create amazing furniture for the world's finest hotels in the years to come." – David Benz
The Vaughan Benz® brand will continue to thrive as a part of the Mandy Li Collection® companies; and will continue to serve its devoted client base by manufacturing the high-quality furniture they are renowned for in the hospitality industry.
Mandy Li Collection® and Vaughan Benz® share the same values and an unwavering commitment to provide exceptional manufacturing, outstanding customer service, and competitive pricing. Mandy, Scott, and David bring a combined 100+ years of experience in the furniture industry. This joining of their forces makes both brands stronger by combining exceptional supply chains, broadening mutual capabilities, and increasing market share. With manufacturing facilities in China, Vietnam, Indonesia, Mexico, and the United States, they can provide their customers with options to ensure their projects' complete success. The two companies are merging their extensive portfolios, client relationships, and industry knowledge.
Key Vaughan Benz personnel are also joining Mandy's team to provide their expertise and ensure service continuity. By holding themselves to the high standards and passion that made them the brands they are today, together they will continue to strengthen their hospitality industry footprint.
ABOUT MANDY LI COLLECTION
Since 1997 the Company has continually offered natural stone, quartz products, case goods, seating, interior doors, and millwork, manufactured internationally and domestically. Their QuickShip™ program provides selected products in stock and ready to ship from their California warehouse. They have provided their extensive customer base with custom and turnkey solutions, from concept to completion, for all interior design, renovation, and furnishing needs. Mandy Li's passion is prevalent in everything her company encompasses, from her talented team to its high-quality manufacturing capabilities to its hospitality industry reputation. Mandy is proud of her company's good standing relationships with some of the top design firms and hospitality giants. Over the years, they have provided their services to an expansive selection of luxury properties worldwide. These include The Cosmopolitan of Las Vegas, Thompson (Dallas, TX), Wynn Macau (China), Westin Nanea (Maui, HI), The Quin Hotel (NYC, NY), Proper Hotel (Santa Monica, CA), Sheraton Vistana Resort (Orlando, FL), HGVC Elara Tower (Las Vegas, NV), Crane Restaurant (Washington D.C.) and many more impressive projects.
ABOUT VAUGHAN BENZ
Since 1986, top designers, purchasing firms, and hotel ownership groups have come to Vaughan Benz® for the finest quality bespoke furniture. Vaughan Benz® has furnished some of the world's leading 5-star hotel guestrooms, public areas, and suites, including luxury guestroom furniture for prestigious properties such as Bellagio (Las Vegas, 2500 rooms), Four Seasons Hotels in New York, Tokyo, Los Angeles, Beijing, Maui, and elsewhere, Mandarin Oriental Boston, The Beverly Hills Hotel, Rosewood Miramar Beach (Santa Barbara), Mondrian Los Angeles, Intercontinental Downtown Los Angeles (910 rooms), New York Midtown Hilton (1800 rooms), Conrad New York Midtown, and many others.
ABOUT STUMP & COMPANY
Based in Charlotte, NC Stump & Company is the leading boutique investment bank providing mergers and acquisitions advisory services to Companies in the furniture and home furnishings industry. Stump & Company has served as exclusive financial advisor on over 400 transactions in this sector. Founded in 1972, the firm remains a family business currently led by its second and third generations. For more information, please visit www.stumpnet.com.
Coming Up Next
The Stump team is excited to be preparing new opportunities for launch in Q1 that will touch on a variety of industry verticals:
- Multiple domestic upholstery manufacturers
- A multi-sector lifestyle brand with global reach and sourcing, with a strong foothold in the home office category
- Fast-growing E-Commerce opportunities
Sound interesting? Give us a call. We stand ready to explore potential acquisitions that fit your business and vision.
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