Workplace Modular Systems, LLC
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Workplace Modular Systems, LLC - overview
Location
-, NH, US
Primary Industry
Consumer Products
About
Workplace Modular Systems, LLC is focused on designing and manufacturing modular workstation solutions that enhance efficiency and productivity in diverse work environments across various sectors. Workplace Modular Systems provides innovative modular workplace solutions designed to enhance operational efficiency. Founded by Jim McEleney, the company operates its headquarters in the US. In April 2023, Accelevation, a portfolio company of LFM Capital, acquired Workplace Modular Systems from Gemini Investors, enabling a strategic shift towards broader product offerings.
The company has engaged in 2 significant funding rounds, with the most recent deal occurring on April 18, 2023. Workplace Modular Systems specializes in the design and manufacture of highly configurable workstations and workplace products aimed at enhancing productivity and efficiency in various work environments. Their core offerings include standard workstations, height-adjustable options, specialty workbenches, and integrated accessories such as lighting, shelving, and tool holders. These products are engineered to support a range of applications across industries such as medical laboratories, aerospace, and education, catering to diverse client needs from individual users to large organizations.
The company adopts a modular design philosophy, allowing clients to create custom layouts that adapt to their specific operational requirements. Geographically, their solutions are marketed and distributed across North America, Europe, and Asia, addressing the evolving demands of contemporary workplaces. Workplace Modular Systems generates revenue through direct sales of its workstation products to businesses and institutions, primarily utilizing a B2B transaction structure. Clients engage with the company to procure tailored solutions that meet their specific needs, often including modifications to standard offerings.
The pricing structure reflects the customizable nature of the products, encompassing various tiers based on the complexity and specifications of the workstations, as well as the accessories selected. Flagship offerings include their 4500 series standard workstations, designed for high performance in demanding environments. The company focuses on fostering long-term partnerships with clients, ensuring that they receive not only products but also ongoing support and innovation to enhance their workplace efficiency. In the wake of the acquisition by Accelevation in April 2023, Workplace Modular Systems is poised for growth by expanding its product offerings and enhancing its market reach.
The company plans to introduce new products designed to meet evolving client needs, although specific launch dates are not detailed. Furthermore, it aims to penetrate new geographic markets, specifically targeting regions in North America, Europe, and Asia by the end of 2024. The recent funding will be instrumental in accelerating these initiatives, enabling Workplace Modular Systems to broaden its product range and strengthen its market presence.
Current Investors
Gemini Investors
Primary Industry
Consumer Products
Sub Industries
Furniture, Computer & Office Equipment Distributors, Search Engines
Website
www.workplacenh.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Workplace Modular Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Workplace Modular Systems, LLC | - | ||||||||
| Buyout | Completed | Workplace Modular Systems, LLC | - |
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