Flokk Expands U.S. Presence with Via Seating Acquisition

Deal News | Feb 13, 2025 | Triton Partners

Flokk Expands U.S. Presence with Via Seating Acquisition

Flokk, a Triton Partners portfolio company and a prominent European manufacturer of office seating, has acquired Via Seating, a U.S.-based firm. This acquisition is part of Flokk's strategic expansion plan which has seen its U.S. operations grow significantly since 2019. Under Triton’s ownership, which began in 2014, Flokk has expanded from a Nordic-focused firm into a leading European player, with revenues reaching approximately NOK 5 billion. The acquisition of Via Seating adds to the earlier acquisitions of 9to5 Seating and Stylex, marking Flokk's third U.S. acquisition, which now represents 40% of its total sales. This growth trajectory underscores Triton's successful buy-and-build strategy in expanding Flokk's global market reach.

Sectors

  • Office Furniture Manufacturing
  • Private Equity

Geography

  • United States – Via Seating, the acquired company, is based in the U.S., and significant expansion of Flokk's operations is in the U.S.
  • Norway – Flokk is headquartered in Norway, and the announcement of the acquisition came from Oslo.

Industry

  • Office Furniture Manufacturing – The article discusses Flokk, a manufacturer in the office seating sector, highlighting its expansion strategy through acquisitions in the industry.
  • Private Equity – Triton Partners, a private equity firm, is involved in transforming and expanding Flokk's market presence.

Financials

  • NOK 5 billion (USD 450 million) – Flokk's annual revenues.

Participants

NameRoleTypeDescription
FlokkAcquirerCompanyA leading European manufacturer of office seating, expanding its presence in the U.S. market.
Via SeatingTargetCompanyA U.S.-based manufacturer of executive and task chairs, acquired by Flokk.
Triton PartnersPrivate Equity FirmCompanyThe private equity firm that owns Flokk and has guided its expansion strategy.
Henning KarlsrudGroup CEOPeopleCEO of Flokk, commenting on the acquisition and growth strategy.
Joachim EspenInvestment Advisory ProfessionalPeopleAn advisor at Triton Partners, commenting on the acquisition's significance.