On January 14, 2020, Novacap, one of Canada’s leading private equity firms, announced that Bestar, one of its portfolio companies designing and manufacturing ready-to-assemble (RTA) furniture, has acquired Bush Industries, a leading American manufacturer of case goods and RTA furniture for the office and home. Desjardins Capital and Fonds de solidarité FTQ invested to support the transaction, becoming shareholders of the new group Bestar-Bush.
This acquisition will help both companies leverage each other’s strenghts to continue and accelerate their current growth. Together, they will provide a large and growing product offering across several categories, the industry’s leading quick shipment and delivery capabilities, and an expansive team of e-Commerce marketing and sales specialists. The combined companies will have a strong and deep leadership team and a stable long tenured workforce of over 600 employees, including more than 200 in Canada.
A Fasken team composed of Michel Boislard, Cristel Chabot-Lapointe, Emilie Clairoux and Carolina Fusco acted for Bestar in connection with this acquisition.
