M&A Deal Summary

Markor International Home Furnishings Co Acquires Rowe Furniture

On January 9, 2018, Markor International Home Furnishings Co acquired furniture company Rowe Furniture from Sun Capital Partners

Acquisition Highlights
  • This is Markor International Home Furnishings Co’s 2nd transaction in the Furniture sector.
  • This is Markor International Home Furnishings Co’s 2nd transaction in the United States.
  • This is Markor International Home Furnishings Co’s 1st transaction in Virginia.

M&A Deal Summary
Date 2018-01-09
Target Rowe Furniture
Sector Furniture
Buyer(s) Markor International Home Furnishings Co
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Rowe Furniture

Elliston, Virginia, United States
Rowe Furniture is a manufacturer of custom upholstered furniture in the United States. Rowe Furniture offers a wide range of styling in sofas, sectionals, chairs, and ottomans with over six hundred fabric selections. Rowe Furniture is available at major home furnishings retailers and better independent home furnishings retailers across the United States and around the world.

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Buyer(S) 1

Buyer

Markor International Home Furnishings Co

Urumqi, China
Category Company
Founded 1995
Sector Furniture
DESCRIPTION

Markor International Home Furnishings Co Ltd. is a manufacturer and seller of furniture products.

DEAL STATS #
Overall 2 of 2
Sector (Furniture) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-05 Schnadig International

Greensboro, North Carolina, United States

Schnadig International Corp. is a manufacturer of home furnishings.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 96 of 128
Sector (Furniture) 3 of 4
Type (Add-on Acquisition) 37 of 53
State (Virginia) 1 of 1
Country (United States) 71 of 89
Year (2018) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Robertshaw Controls

Itasca, Illinois, United States

Robertshaw Controls is a global design, engineering and manufacturing company that sells product solutions into the white goods industry and leverages this portfolio and technology into adjacent markets and after sales channels. Robertshaw manufactures more than 10,000 sophisticated controls for commercial and home appliances. Primary applications include controls for clothes washers and dryers, dishwashers, refrigerators, electric and gas cooking, ice makers, fluid dispensing, storage water heaters, gas valves for space/central heating, and automotive/off road temperature and fluid controls. Robertshaw Global Headquarters is located in Itasca, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Jiffy Lube

Irving, Texas, United States

Jiffy Lube is an operator of quick lube retail service stores. Jiffy Lube operates approximately 523 quick-oil-change stores in major markets. Jiffy Lube was founded in 1995 and is based in Irving, Texas.

Sell -
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