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 (Legal)

Target

Kimball International

Jasper, Indiana, United States
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
Category Company
Founded 1944
Sector Furniture
Employees8,100
Revenue 2.4B USD (2023)
DESCRIPTION

HNI is a 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