"... Louisville Bedding Company has a 125-year history of manufacturing quality bedding and components for the mattress industry. But in recent years, a tough economy, increased international competition and higher material prices put the company in a difficult position. With many of its costs relating to legacy issues such as retirement benefits and workers’ compensation, Louisville Bedding determined a sale might be the best option.
Enter the professionals of BKD and BKD’s transaction services team. Louisville Bedding President and CEO Steve Elias said the company’s existing connection with BKD’s audit and tax professionals made BKD a natural choice to help with the transition.
Elias says BKD professionals met with Louisville Bedding leadership numerous times, offering the valuable perspective of a potential buyer. BKD team members also sat in on several meetings with Louisville Bedding and the prospective buyer to smooth the transaction. Elias says the sale has put the company in a better position in terms of profitability and competitiveness. ..."