M&A Deal Summary

Bassett Acquires Noa Home

On September 6, 2022, Bassett acquired retailer Noa Home

Acquisition Highlights
  • This is Bassett’s 1st transaction in the Retail sector.
  • This is Bassett’s 1st transaction in Canada.
  • This is Bassett’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-09-06
Target Noa Home
Sector Retail
Buyer(s) Bassett
Deal Type Add-on Acquisition

Target

Noa Home

Montréal, Quebec, Canada
website
Noa Home is a mid-priced e-commerce furniture retailer that has operations in Canada, Australia, Singapore, and the United Kingdom. Noa Home is based in Montréal, Quebec.

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Buyer(S) 1

Buyer

Bassett

Bassett, Virginia, United States

website

Category Company
Founded 1902
Sector Furniture
Employees2,071
Revenue 385M USD (2020)
DESCRIPTION

Bassett is a manufacturer and marketer of high-quality home furnishings. Bassett Furniture Industries focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett was founded in 1902 and is based in Bassett, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Zenith Global Logistics

Conover, North Carolina, United States

Zenith Global Logistics is a specialized supply chain solutions provider, offering the home furnishings industry the control of an asset-based network to move products with greater efficiency, less damage, and a single source of visibility. Zenith Global Logistics is based in Conover, North Carolina.

Sell $87M
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