M&A Deal Summary

Kimball International Acquires David Edward

On October 19, 2018, Kimball International acquired furniture company David Edward

Acquisition Highlights
  • This is Kimball International’s 1st transaction in the Furniture sector.
  • This is Kimball International’s 1st transaction in the United States.
  • This is Kimball International’s 1st transaction in Maryland.

M&A Deal Summary
Date 2018-10-19
Target David Edward
Sector Furniture
Buyer(s) Kimball International
Deal Type Add-on Acquisition

Target

David Edward

Baltimore, Maryland, United States
David Edward is a designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward was founded in 1963 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Kimball International

Jasper, Indiana, United States
Category Company
Founded 1939
Sector Furniture
Employees2,410
Revenue 569M USD (2021)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Furniture) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Poppin

New York, New York, United States

Poppin, Inc. designs fresh and clever commercial-grade furniture that is made to mix, match, and scale in today’s modern office and work-from-home environments. Poppin has combined its digitally native platform, with a 17-person salesforce and network of five showrooms to rapidly become one of the industry’s leading disruptors primarily serving small to medium corporations and the direct to the consumer market. Poppin was founded in 2009 and is based in New York City.

Buy $180M
Mergr

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