GRAND RAPIDS, Mich. – Building on more than two decades of experience serving the office furniture and home interiors market, The Charter Group today announced formation of a dedicated Furniture Practice led by Andrew Williams. The Grand Rapids, Mich.-based merger and acquisition advisory firm said the move reflects growing activity and demand for buy, sell and capital raise transactions in the office furniture, residential furniture and home furnishings markets.
The Charter Group has been serving clients from the office and contract furniture industry since 1989, bringing deep M&A knowledge, industry understanding and relationships. Charter has closed furniture transactions spanning OEMs, component suppliers, and dealers ranging from small businesses to national manufacturers and leading brands. The Company has also rolled out a comprehensive succession planning advisory package specifically designed to meet the needs of the office furniture dealer community.
“We’ve gained a solid benchmark on the value drivers of businesses in the furniture sector, and we have the expertise and relationships to maximize the fit and financial outcomes for our clients,” said Andrew Williams, CM&AA and vice president, business and transaction management for The Charter Group. “The combination of our track record and the continuing uptick in the industry warrants this expansion into a full practice area, and we hope to continue to offer additional niche service lines in the future.”
The Charter Group also served as exclusive merger and acquisition advisor to library and educational contract furniture manufacturer, The Worden Company of Holland, Mich., initiating, negotiating and closing the successful sale of the company.