PHILADELPHIA, PA – August 27, 2019 – Haskell Office, LLC (“Haskell” or the “Company”), a leading provider of innovative furniture solutions, announces the completion of a debt recapitalization transaction with The PNC Financial Services Group, Inc. (“PNC”). Transaction terms were not disclosed.
Founded in 1947, Haskell (www.haskelloffice.com) (www.haskelleducation.com) has earned a global reputation for excellence by supplying superior quality furniture to its customers. Headquartered in Bala Cynwyd, PA, with manufacturing and distribution operations in Grand Rapids, MI, the Company has a long legacy of supporting government, commercial and institutional customers with their furniture needs. In 2015, Haskell introduced a next-generation portfolio of furniture products satisfying the 21st Century collaborative learning environment – this new style of learning promotes deeper personal interactions between teachers and their students, and enables students to more actively engage with learning materials leveraging today’s leading classroom technologies.
Haskell has been supported by PNC since 2002 for its commercial banking needs. As the Company has continued to scale (i.e., revenue, profitability, product portfolio, customer base), PNC has continued to expand its lending partnership with Haskell.
Fairmount Partners, a leading merger and acquisition advisory firm, based in West Conshohocken, PA, a suburb of Philadelphia, PA, acted as the exclusive financial advisor to Haskell in this transaction. Royer Cooper Cohen Braunfield LLC served as the Company’s legal advisor.
About Fairmount Partners
Fairmount Partners is an independent merger and acquisition advisory firm focused on the needs of emerging growth and middle market companies. Fairmount assists its clients in completing merger and acquisition (i.e., sell-side and buy-side) and capital formation (i.e., equity and debt) transactions. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 220 transactions in 20 countries throughout North and South America, Europe, Asia and Australia. Further information is available at www.fairmountpartners.com.
Contact: Jonathan Smith