M&A Deal Summary

HNI Acquires Kimball International

On March 8, 2023, HNI acquired furniture company Kimball International for 485M USD

Acquisition Highlights
  • This is HNI’s 6th transaction in the Furniture sector.
  • This is HNI’s largest (disclosed) transaction.
  • This is HNI’s 7th transaction in the United States.
  • This is HNI’s 1st transaction in Indiana.

M&A Deal Summary
Date 2023-03-08
Target Kimball International
Sector Furniture
Buyer(s) HNI
Deal Type Add-on Acquisition
Deal Value 485M USD
Advisor(s) J.P. Morgan Securities (Financial)
ArentFox Schiff LLP (Legal)

Target

Kimball International

Jasper, Indiana, United States
website
Kimball International is a provider of furniture for the office and hospitality markets sold under our family of brand names - Kimball Office, National Office Furniture, and Kimball Hospitality. Kimball International was founded in 1939 and is based in Jasper, Indiana.

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Buyer(S) 1

Buyer

HNI

Muscatine, Iowa, United States

website

Category Company
Founded 1944
Sector Furniture
Employees7,900
Revenue 2.2B USD (2021)
DESCRIPTION

HNI is provider of products and solutions for the home and workplace environments. HNI is a global office furniture manufacturer. HNI was founded in 1944 and is based in Muscatine, Iowa.

DEAL STATS #
Overall 8 of 8
Sector (Furniture) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (Indiana) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Design Public Group

Culver City, California, United States

Design Public Group LLC is an e-commerce distributor of high-design furniture and accessories for the office and home. Design Public Group is based in Culver City, California.

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Company

Legal