HNI Mergers and Acquisitions Summary

FurnitureCompany

HNI has acquired 9 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

HNI’s largest acquisition to date was in 2023, when it acquired Kimball International for $485M. HNI has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include furniture (75%) and distribution (13%).

Join Mergr and gain access to HNI’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the furniture sector.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity8
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

HNI

HNI Corp.

600 East Second Street PO Box 1109,
Muscatine, Iowa 52761
United States,
(563) 272-7400
www.hnicorp.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 6 - 1 - - 1 8
vol $485M $485M
Sell (0.0/yr) # 1 - - - - - 1
  9

Most Recent M&A

Company Date Value Type
Kimball International, Inc. 2023-03-08 485M USD Add-on Acquisition
Jasper, Indiana · www.kimballinternational.com
Design Public Group LLC 2020-12-01 - Add-on Acquisition
Culver City, California · www.designpublic.com
Vermont Castings Group 2014-10-01 - Add-on Acquisition
Paris, Kentucky · www.vermontcastings.com
LSI Corporation of America, Inc. 2013-06-19 - Divestiture
Minneapolis, Minnesota · www.lsi-casework.com
BP Ergo Ltd. 2012-08-13 - Add-on Acquisition
Mumbai, India
Sagus International, Inc. 2011-11-14 - Add-on Acquisition
Oakbrook, Illinois · www.sagusinternational.com
Artco-Bell Corp. 2011-11-14 - Divestiture
Temple, Texas · www.artcobell.com
Midwest Folding Products, Inc. 2011-11-14 - Divestiture
Chicago, Illinois · www.midwestfolding.com
LSI Corporation of America, Inc. 2011-11-14 - Divestiture
Minneapolis, Minnesota · www.lsi-casework.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Sagus International, Inc. 2011-11-14 Artco-Bell Corp. 2011-11-14 2
Oakbrook, Illinois · www.sagusinternational.com Temple, Texas · www.artcobell.com
Sagus International, Inc. 2011-11-14 Midwest Folding Products, Inc. 2011-11-14 1
Oakbrook, Illinois · www.sagusinternational.com Chicago, Illinois · www.midwestfolding.com

M&A by Sector

Sector Buy # Value Sell # Value
Furniture 6 (75%) 485M (100%) 1 (100%) -
Distribution 1 (13%) - - -
Manufacturing 1 (13%) - - -
Total 8 $485M 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 485M 1 -
  Illinois 2 - - -
  Minnesota 1 - 1 -
  Indiana 1 485M - -
  California 1 - - -
  Texas 1 - - -
  Kentucky 1 - - -
India 1 - - -
Domestic 7 (88%) 485M (100%) 1 (100%) -
Cross-border 1 (13%) - - -
Total 8 $485M 1 -

Top M&A Advisors

Financial Deals
Bayview Capital Group LLC
1
Rothschild Global Advisory
1
Legal Deals
Davis Polk & Wardwell
1

Deal Values

buy # Total
$100M to $1B 1 $485M
TOTAL $485M
Largest Kimball International, Inc.
$485M (2023-03-08)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
38%
3 (38%)
Divested to
Investor(s)
100%
1 (100%)

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