Acquiring Company
BASSETT FURNITURE INDUSTRIES INC
Acquired Company
Noa Home
BassettManufacturingE CommerceFashionRetailHome And GardenFurnitureDescription
Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced today that it has acquired the capital stock of Noa Home Inc. (“Noa”), a mid-priced e-commerce furniture retailer headquartered in Montreal, Canada. Noa has operations in Canada, Australia, Singapore and the United Kingdom and had net revenues of approximately C$19.1 million for its most recent fiscal year. The purchase price included cash payments of C$2.0 million paid to the co-founders of Noa and approximately C$5.7 million for the repayment of existing debt. The Noa co-founders will also have the opportunity to receive additional annual cash payments of C$1.33 million per year for the following three fiscal years based on established increases in net revenues and achieving certain internal EBITDA goals.
Quick answer
BASSETT FURNITURE INDUSTRIES INC is acquiring Noa Home, announced September 6, 2022. BASSETT FURNITURE INDUSTRIES INC is based in Bassett, Virginia, United States.
- How much did BASSETT FURNITURE INDUSTRIES INC pay for Noa Home?
- The deal value was not disclosed.
- What does BASSETT FURNITURE INDUSTRIES INC do?
- Bassett Furniture is U.S.A's leading furniture portal with stores in more than 50 cities.
- Where are BASSETT FURNITURE INDUSTRIES INC and Noa Home based?
- BASSETT FURNITURE INDUSTRIES INC is based in Bassett, Virginia, United States.
Source: Fundz verified event record.
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Who to call at BASSETT FURNITURE INDUSTRIES INC, and when
When BASSETT FURNITURE INDUSTRIES INC changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Noa Home?
Noa Home was acquired by BASSETT FURNITURE INDUSTRIES INC, based in Bassett. The deal was reported on September 6, 2022. Bassett Furniture is U.S.A's leading furniture portal with stores in more than 50 cities. They also develop mobile applications to help BASSETT FURNITURE INDUSTRIES INC is publicly traded (BSET) and operates in Manufacturing.
When did BASSETT FURNITURE INDUSTRIES INC acquire Noa Home?
BASSETT FURNITURE INDUSTRIES INC's acquisition of Noa Home was reported on September 6, 2022. Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced today that it has acquired the capital stock of Noa Home Inc. (“Noa”), a mid-priced e-commerce furniture retailer headquartered in Montreal, Canada. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Noa Home do?
Noa Home is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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