Bassett - M&A Summary and Business Overview

FurnitureCompany

Bassett M&A Summary

Bassett has acquired 1 company, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2022, when it sold Zenith Freight Lines to J.B. Hunt Transport Services for $87M. The Company’s most targeted sectors include retail (100%).

Bassett Business Overview

Where is Bassett headquartered?

Bassett is headquartered in Bassett, Virginia.

What is Bassett’s revenue?

Bassett disclosed revenue of 385M USD for 2020 and 452M USD for 2019.

How many employees does Bassett have?

Bassett has 2,071 employees.

What sector is Bassett in?

Bassett is a furniture company.

When was Bassett founded?

Bassett was founded in 1902.

M&A Summary

M&A Total Activity2
- M&A Buy Activity1
- M&A Sell Activity1
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 1

Bassett

Bassett Furniture Industries, Inc.

3525 Fairystone Park Highway,
Bassett, Virginia 24055
United States,
(276) 629-6000
www.bassettfurniture.com

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.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.2/yr)	#	-	-	-	1	-	-	1
Sell (0.2/yr)	#	-	-	-	1	-	-	1
Sell (0.2/yr)	vol				$87M			$87M
								2

Most Recent M&A

Company	Date	Value	Type
Noa Home, Inc.	2022-09-06	-	Add-on Acquisition
Montréal, Quebec · www.noahome.com
Zenith Freight Lines LLC	2022-01-31	87M USD	Divestiture
Conover, North Carolina · www.zenithcompanies.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Retail	1 (100%)	-	-	-
Transportation	-	-	1 (100%)	87M (100%)
Total	1	-	1	$87M

By Geo

State/Country		Buy	Value	Sell	Value
Canada		1	-	-	-
	Quebec	1	-	-	-
United States		-	-	1	87M
	North Carolina	-	-	1	87M
Domestic		-	-	1 (100%)	87M (100%)
Cross-border		1 (100%)	-	-	-
Total		1	-	1	$87M

Deal Values

sell	#	Total
< $100M	1	$87M
TOTAL		$87M
Largest	Zenith Freight Lines LLC $87M (2022-01-31)

M&A Connections

		Deals
Divested to
Strategic(s)	100%	1 (100%)

Company Summary

SECTOR

Furniture

Revenue

385 15%	2020
452 1%	2019
456	2018
(millions of USD)

Employees

2,071

Established

1902

Public

NASDAQ: BSET

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Bassett - M&A Summary and Business Overview

FurnitureCompany