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Hussey Seating Company to acquire select assets from Camatic Seating to enhance global seating offerings

Jun 13, 2024•over 1 year ago

Acquiring Company

Hussey Seating Company

Acquired Company

Camatic Seating

YorkMelbourneManufacturingSports

Description

Hussey Seating Company, the global leader in spectator seating, has entered into an agreement to acquire select assets from the Australian-based competitor, Camatic Seating. This strategic acquisition will fill a key gap in Hussey's product line, allowing the company to enhance its seating offerings for various markets, including outdoor stadiums, arenas, auditoriums, universities, and places of worship.

Company Information

Company

Hussey Seating Company

Location

York, Maine, United States

About

Hussey Seating Company is a seventh-generation family-owned business and the global leader in spectator seating. With 189 years of continuous operations in Southern Maine, the company has established itself as the market leader in this space with an exclusive dealer network and direct team covering all 50 states. Over the years, the company has strategically invested in expanding its production capabilities, both domestically and internationally, and has made strategic capital investments in high-tech manufacturing equipment.

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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