Consumer, Diversified Industrials
HNI Corporation’s Divestiture of Artco-Bell Corporation
Published March 6, 2017
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON –Meridian Capital LLC is pleased to announce the successful divestiture of Artco-Bell Corporation (“Artco-Bell”) from HNI Corporation (“HNI”), the world’s second largest, publicly-traded office furniture manufacturer, with brands such as HON and AllSteel. Artco-Bell was acquired by CounterPoint Capital Partners, LLC, a Los Angeles-based private equity group focused on opportunities with niche manufacturing and industrial companies. In connection with the transaction, Meridian served as the exclusive advisor to HNI Corporation.
Based in Temple, Texas, Artco-Bell is a leading designer and manufacturer of K-12 furniture in North America. Leveraging more than 50 years of experience in primary education, Artco-Bell has navigated a shift from the traditional classroom model toward a ‘progressive education’ ecosystem. The divestiture to CounterPoint will enable Artco-Bell to continue its transition into a leading manufacturer of progressive education furniture.
“We thoroughly enjoyed working with the HNI and Artco-Bell management team on this important transaction. The professionalism of the entire HNI team is truly exceptional, and we are proud to have worked alongside such a remarkable company.”Patrick Ringland, Principal & Managing Director
For more information, please contact:
Patrick RinglandManaging Director, Principal
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 26 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.