Leggett & Platt - M&A Summary and Business Overview

ManufacturingCompany

Leggett & Platt M&A Summary

Leggett & Platt has acquired 29 companies, including 1 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%).

Leggett & Platt Business Overview

Where is Leggett & Platt headquartered?

Leggett & Platt is headquartered in Carthage, Missouri.

What is Leggett & Platt’s revenue?

Leggett & Platt disclosed revenue of 5,147M USD for 2022 and 5,073M USD for 2021.

How many employees does Leggett & Platt have?

Leggett & Platt has 19,900 employees.

What sector is Leggett & Platt in?

Leggett & Platt is a manufacturing company.

When was Leggett & Platt founded?

Leggett & Platt was founded in 1883.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 28 - 1 - - - 29
vol $1.5B $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
  Ohio 3 - 1 -
  Georgia 3 1.3B 1 -
  North Carolina 2 - 1 -
  Pennsylvania 2 39M - -
  Michigan 2 - - -
  Wisconsin 1 - 1 -
  Missouri 1 - - -
  Mississippi 1 - - -
  Washington 1 188M - -
  Texas 1 - - -
  Tennessee 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
 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%)

Company Summary

SECTOR

Manufacturing

Revenue

5,147   2% 2022
5,073   19% 2021
4,280   10% 2020
4,753   12% 2019
4,270   9% 2018
3,944   6% 2017
3,750   5% 2016
3,917   4% 2015
3,782   9% 2014
3,477   2% 2013
3,414   2012
(millions of USD) Show More Show Less

Employees

19,900

Established

1883

Public

NYSE: LEG

 Subscribe to unlock this and 201,535
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
1 Week Free Trial Learn 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
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Leggett & Platt

Missouri Companies , Manufacturing Companies , United States Companies , Missouri Manufacturing Companies , Missouri Manufacturing with Acquisitions

Related Lists for Missouri Companies

Largest Missouri Companies , Acquisitive Missouri Companies , Recently Acquired Missouri Companies , Recently Sold Missouri Companies , Private Missouri Companies , Public Missouri Companies , Acquired Missouri Companies , PE Backed Missouri Companies

Related Lists for Manufacturing Companies

Largest Manufacturing Companies , Acquisitive Manufacturing Companies , Recently Acquired Manufacturing Companies , Recently Sold Manufacturing Companies , Private Manufacturing Companies , Public Manufacturing Companies , Acquired Manufacturing Companies , PE Backed Manufacturing Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal