Leaders advises Hussey Seating Company on its acquisition of PERMA-CAP® and PERMA-PLANK®
Hussey Seating Company, a sixth generation family owned business located in North Berwick, Maine, continued the celebration of its 175th year in business by acquiring two product lines from Stanley Trading LLC of Lakewood, New Jersey.
Leaders LLC was retained by Hussey in early 2010 to advise management on the company’s efforts to grow through acquisitions. Following numerous strategic planning discussions with Hussey’s senior management team, Leaders identified Stanley’s PERMA-CAP® and PERMA-PLANK® product lines as an excellent opportunity for Hussey to expand its product and service offerings to both new and existing markets. After initiating discussions with Stanley, Leaders advised Hussey throughout the valuation, negotiation, due diligence and documentation stages of the acquisition.
Founded in 1835, Hussey Seating Company boasts one of America's longest histories of uninterrupted family ownership. Hussey is the global leader in spectator seating solutions for schools and universities, auditoriums, arenas, sports stadiums, performing arts centers and places of worship. The patented PERMA-CAP® product line is the leading vinyl bleacher cover system on the market, making it a natural addition to Hussey’s other market-leading products.