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Furniture Marketing Group Announces Strategic Acquisition Of Contract Associates To Enhance Growth In Southwest Region

Dec 01, 2023about 2 years ago

Acquiring Company

Furniture Marketing Group, Inc.

Acquired Company

Contract Associates

PlanoAlbuquerqueFurnitureFurniture

Description

Furniture Marketing Group (FMG), a premier provider of commercial furniture solutions, proudly announces the acquisition of Contract Associates, a well-established contract furniture dealer with locations in Albuquerque, NM, and El Paso, TX.

Company Information

Company

Furniture Marketing Group, Inc.

Location

Plano, Texas, United States

About

Furniture Marketing Group is the link between space and people in the working world. We have delivered unparalleled service for our business partners for over 42 years - providing sustainable product, process and service solutions on a local and global basis. With access to over 400 contract furniture manufacturers, FMG is able to support small companies up to large corporate accounts with multiple locations and complex facility needs. What began as a small family owned furniture dealership in 1981, has evolved into a diverse national organization with five working showrooms in Texas and Oklahoma and a presence in nine major markets throughout the United States. Operating under the leadership of 2nd generation owner Greg Almond FMG has grown into a "Family of Companies"​: Facility Interiors, Inc. supports FMG through a variety of services including installation and labor, WAVE delivers both intellectual and physical workplace strategies on a global scale. Furniture Marketing Group has consistently been one of Haworth's top five dealers for over a decade with over 250 employees and sales in excess of 100 million annually. FMG was recently named "Haworth Best In Class"​ for 2022, an annual award honoring select dealerships with exceptional performance in operational excellence, customer satisfaction, sales, marketing, brand development, and enterprise development.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed