The Human Capital industry closed out a robust first quarter of 2022 as it continued to benefit from the recovering of the labor market.
Elisa Berger
The fourth quarter of 2021 closed out what was an exceptionally strong year for human capital M&A activity. After deal activity plummeted by ~50% as a result of the COVID-19 pandemic in early 2020, activity has recovered to pre-pandemic levels.
Tramec Sloan, a division of Tramec, LLC, announced the acquisition of Penz Products, Inc. on December 31, 2021, bringing together two established US manufacturers to broaden and strengthen manufacturing capabilities. Penz Products is a diverse manufacturer, located in Mishawaka, Indiana, serving a variety of markets, principally commercial vehicles. It was founded in 1956 by Wally …
Through the first half of 2021, the human capital industry has seen nearly as many deals completed as it did in all of 2020, with transaction activity picking up enough that it is likely to return to the lofty levels set from 2017 through 2019.
In our September edition of M&A Insights, Charter’s furniture industry practice team leader Elisa Berger provides an update on contract furniture M&A trends. While manufacturers and distributors have struggled with the impact of the pandemic on the industry, reported EBITDA multiples represent a five-year high.
The human capital M&A market has rebounded nicely so far in 2021, with Q1 2021 transactions accounting for approximately 45% of total 2020 deal count. The increase in activity is a result of pent-up demand from buyers who put acquisitions on hold for most of the previous year.
The M&A market for human capital companies remained muted in 2020, posting a record low number of transactions, primarily due to pandemic-related shutdowns, supply chain slowdowns, and weakened demand for staffing labor.
As a transformational merger between two office furniture giants heads for final approval, the details of their seven-month courtship offer insight into a deal that could change the industry’s landscape. The pending deal, which is up for shareholder votes at both companies on July 13, was the result of back-and-forth proposals that began in December …
Public filings shine unusual spotlight on $1.8B Herman Miller-Knoll deal Read More »
By: Elisa Berger, Vice President, Charter Capital Partners For many business owners, the decision surrounding how and when to exit the business can be complicated and emotional. It is one of the most important life events for any business owner, yet many push planning to the back burner, believing it can be tackled later when …
Succession planning – optimizing value through a strategic exit Read More »
Office furniture specialist Kimball has signed a definitive agreement to acquire David Edward, the family-owned manufacturer of upholstery and furniture targeting the corporate, health care, education and hospitality markets. “We were inspired by the employees’ commitment to quality and their incredible tailoring skills,” says Kimball president Mike Wagner. “We will further invest in David Edward and build their brand …
SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners. The recapitalization and investment from Sheridan Capital, which invested along with SpendMend’s founders and managers, will support the continued growth of the company. Terms of …
Chicago PE firm acquires majority stake in Grand Rapids health care auditing company Read More »