Steelcase Mergers and Acquisitions Summary

Furniture Company

Steelcase has acquired 4 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 2 different US states, and 3 countries. The Company’s most targeted sectors include furniture (75%) and manufacturing (25%).

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

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 1

Steelcase, Inc. (Steelcase)

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 formed in 1912 and is based in Grand Rapids, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $189M $189M
Sell (0.2/yr) # 1 - - - 1 - 2
  6

Most Recent M&A

Company Date Value Type
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 3 (75%) 13M (7%) - -
Manufacturing 1 (25%) 176M (93%) 1 (50%) -
Electrical Equipment - - 1 (50%) -
Total 4 $189M 2 -

By Geo

State/Country Buy Value Sell Value
United States 2 176M 2 -
  Georgia 1 176M 1 -
  Texas 1 - - -
  Florida - - 1 -
Canada 1 - - -
  Ontario 1 - - -
China 1 13M - -
Domestic 2 (50%) 176M (93%) 2 (100%) -
Cross-border 2 (50%) 13M (7%) - -
Total 4 $189M 2 -

Top M&A Advisors

Financial Deals
Mertz Associates, Inc.
1

Deal Values

buy # Total
$100M to $1B 1 $176M
< $100M 1 $13M
TOTAL $189M
Largest PolyVision Corp.
$176M (2001-08-27)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Investor(s)
100%
2 (100%)
Strategic(s)
50%
1 (50%)

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