Steelcase - M&A Summary and Business Overview

FurnitureCompany

Steelcase M&A Summary

Steelcase has acquired 5 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Steelcase’s largest acquisition to date was in 2001, when it acquired PolyVision for $176M. Steelcase has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include furniture (80%) and manufacturing (20%).

Steelcase Business Overview

Where is Steelcase headquartered?

Steelcase is headquartered in Grand Rapids, Michigan.

What is Steelcase’s revenue?

Steelcase disclosed revenue of 3,160M USD for 2024 and 3,233M USD for 2023.

How many employees does Steelcase have?

Steelcase has 11,300 employees.

What sector is Steelcase in?

Steelcase is a furniture company.

When was Steelcase founded?

Steelcase was founded in 1912.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 1

Steelcase

Steelcase, Inc.

901 44th Street SE,
Grand Rapids, Michigan 49508
United States,
(616) 247-2710
www.steelcase.com

Steelcase provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products across a range of price points. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products such as storage, tables and ergonomic worktools. The Company's seating products include chairs which are highly ergonomic, seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets such as healthcare and education. Steelcase's technology solutions support group collaboration by integrating furniture and technology. The Compay's interior architectural products include full and partial height walls and doors. Steelcase was founded in 1912 and is based in Grand Rapids, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - 1 - - 5
vol $189M $128M $317M
Sell (0.2/yr) # 1 1 - - - - 2
  7

Most Recent M&A

Company Date Value Type
Halcon Corp. 2022-05-05 128M USD Add-on Acquisition
Stewartville, Minnesota · www.halconfurniture.com
PolyVision Corp. 2020-02-24 - Divestiture
Duluth, Georgia · www.polyvision.com
Smith System Manufacturing Co. 2018-06-08 - Add-on Acquisition
Plano, Texas · www.smithsystem.com
Custom Cable Industries, Inc. 2008-01-01 - Divestiture
Tampa, Florida
Ultra Group Company Ltd. 2007-09-14 13M USD Add-on Acquisition
Hong Kong, China
Softcare Innovations, Inc. 2006-09-06 - Add-on Acquisition
Waterloo, Ontario
PolyVision Corp. 2001-08-27 176M USD Add-on Acquisition
Duluth, Georgia · www.polyvision.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Furniture 4 (80%) 141M (44%) - -
Manufacturing 1 (20%) 176M (56%) 1 (50%) -
Electrical Equipment - - 1 (50%) -
Total 5 $317M 2 -

By Geo

State/Country Buy Value Sell Value
United States 3 304M 2 -
  Georgia 1 176M 1 -
  Texas 1 - - -
  Minnesota 1 128M - -
  Florida - - 1 -
Canada 1 - - -
  Ontario 1 - - -
China 1 13M - -
Domestic 3 (60%) 304M (96%) 2 (100%) -
Cross-border 2 (40%) 13M (4%) - -
Total 5 $317M 2 -

Top M&A Advisors

Financial Deals
Mertz Associates
1

Deal Values

buy # Total
$100M to $1B 2 $304M
< $100M 1 $13M
TOTAL $317M
Largest PolyVision Corp.
$176M (2001-08-27)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Investor(s)
100%
2 (100%)
Strategic(s)
50%
1 (50%)

 Subscribe to unlock this and 208,848
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 204K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.