Bassett Furniture Acquires Noa Home Inc.
September 6, 2022
Bassett Furniture Industries, Inc. acquired the capital stock of Noa Home Inc., a Montreal-based mid-priced e-commerce furniture retailer with operations in Canada, Australia, Singapore and the U.K. The purchase included approximately C$2.0 million in cash to the co-founders and C$5.7 million to repay debt; Bassett said the deal will expand its digital commerce capabilities and help attract digitally native consumers.
- Buyers
- Bassett Furniture Industries, Inc.
- Targets
- Noa Home Inc.
- Sellers
- Jeremy Kopek, Jean-Claude Renaud
- Industry
- E-Commerce
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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