Consumer Products, Manufacturing & Distribution
HNI Corporation’s Divestiture of Artco-Bell Corporation
Published March 6, 2017
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON –CLA 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, CLA Meridian Capital served as the exclusive advisor to HNI Corporation.
ABOUT ARTCO-BELL
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
CLA Meridian Capital
For more information, please contact:
President & Managing Director
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
