Leggett & Platt Mergers and Acquisitions Summary

ManufacturingCompany

Leggett & Platt has acquired 29 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 9 assets.

Leggett & Platt’s largest acquisition to date was in 2018, when it acquired Elite Comfort Solutions for $1.3B. It’s largest disclosed sale occurred in 2014, when it sold Leggett & Platt - Store Fixtures Group to Lozier for $62M. Leggett & Platt has acquired in 12 different US states, and 4 countries. The Company’s most targeted sectors include furniture (45%) and manufacturing (14%).

Join Mergr and gain access to Leggett & Platt’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the manufacturing sector.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity29
    • M&A Sell Activity9
  • Total Sectors Invested 11
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

Leggett & Platt

Leggett & Platt, Inc.

No. 1 Leggett Road,
Carthage, Missouri 64836
United States,
(417) 358-8131
www.leggett.com

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.4/yr) # 27 1 - - 1 - 29
vol $227M $1.3B $1.5B
Sell (0.0/yr) # 9 - - - - - 9
vol $88M $88M
  38

Most Recent M&A

Company Date Value Type
Kaymed Ltd 2021-06-25 - Add-on Acquisition
Dublin, Ireland · www.kaymed.co.uk
Elite Comfort Solutions, Inc. 2018-11-07 1.3B USD Add-on Acquisition
Newnan, Georgia · www.elitecomfortsolutions.com
Folding Guard LLC 2016-12-15 26M USD Divestiture
Bedford Park, Illinois · www.foldingguard.com
Gamber-Johnson LLC 2016-06-29 - Divestiture
Stevens Point, Wisconsin · www.gamberjohnson.com
Leggett & Platt - Store Fixtures Group 2014-10-31 62M USD Divestiture
, United States
Team Fenex Ltd. 2013-04-26 - Divestiture
Sandoval, Illinois · www.teamfenex.com
Western Pneumatic Tube Co. 2012-01-12 188M USD Add-on Acquisition
Kirkland, Washington · www.wptube.com
Displayplan Ltd. 2012-01-11 - Divestiture
Baldock, United Kingdom · www.displayplan.com
SPG International LLC 2010-09-01 - Divestiture
Covington, Georgia · www.spgusa.com
Fibrix LLC 2008-11-25 - Divestiture
Conover, North Carolina · www.fibrix.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Furniture 13 (45%) 39M (3%) - -
Manufacturing 4 (14%) 188M (13%) 4 (44%) 88M (100%)
Automotive 3 (10%) - 2 (22%) -
Apparel/Textiles 2 (7%) - 2 (22%) -
Business Services 1 (3%) - 1 (11%) -
Chemicals 1 (3%) 1.3B (85%) - -
Forest Products 1 (3%) - - -
Machinery 1 (3%) - - -
Metals/Mining 1 (3%) - - -
Plastics 1 (3%) - - -
Retail 1 (3%) - - -
Total 29 $1.5B 9 $88M

By Geo

State/Country Buy Value Sell Value
United States 22 1.5B 7 88M
  Illinois 4 - 2 26M
  Georgia 3 1.3B 1 -
  Ohio 3 - 1 -
  North Carolina 2 - 1 -
  Michigan 2 - - -
  Pennsylvania 2 39M - -
  Wisconsin 1 - 1 -
  Mississippi 1 - - -
  Washington 1 188M - -
  Texas 1 - - -
  Tennessee 1 - - -
  Missouri 1 - - -
Canada 4 - - -
  Ontario 4 - - -
United Kingdom 2 - 2 -
Ireland 1 - - -
Domestic 22 (76%) 1.5B (100%) 7 (78%) 88M (100%)
Cross-border 7 (24%) - 2 (22%) -
Total 29 $1.5B 9 $88M

Top M&A Advisors

Financial Deals
C.W. Downer & Co.
1
J.P. Morgan Securities LLC
1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 1 $188M
< $100M 1 $39M
TOTAL $1.5B
Largest Elite Comfort Solutions, Inc.
$1.3B (2018-11-07)
sell # Total
< $100M 2 $88M
TOTAL $88M
Largest Leggett & Platt - Store Fixtures Group
$62M (2014-10-31)

M&A Connections

Deals
Acquired from
Investor(s)
17%
5 (17%)
Strategic(s)
3%
1 (3%)
Divested to
Investor(s)
44%
4 (44%)
Strategic(s)
67%
6 (67%)

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