Merger & Acquisition Activity In The Ergonomic Office Furniture Industry
Ever since the pandemic merger and acquisition activity within the office furniture industry has reached a relative fever pitch, as the behemoth commercial office furniture companies look at offset deeply sagging revenues from commercial office tenants with e-commerce operations that can reach the burgeoning new work-from-home market. We’ve long tracked the M&A activity in our industry, which we define as “office fitness,” encompassing manufacturers and retailers of ergonomic and active workstations.
The following list is as comprehensive as we’re aware of but if you see that we’ve missed one please do leave a comment so we can add it to the list.
January 2015 Nortek (Ergotron) Acquires Anthro
June 2017 Steelcase Acquires Stir Kinetic
November 2017 Steelcase Acquires AMQ Solutions
February 2018 Cathay Capital Acquires Innovative Office Products
June 2018 Innovative Acquires HAT Contract
January 2020 Innovative Office Products Acquires CompuCaddy
February 2020 Innovative Office Products Acquires SiS Ergo
August 2020 Innovative Office Products Acquires StandDesk.co
January 2021 HNI Acquires Design Public Group