M&A Deal Summary

MillerKnoll Acquires Brandrud Furniture

On February 1, 2008, MillerKnoll acquired furniture company Brandrud Furniture from Peterson Partners

Acquisition Highlights
  • This is MillerKnoll’s 2nd transaction in the Furniture sector.
  • This is MillerKnoll’s 2nd transaction in the United States.
  • This is MillerKnoll’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2008-02-01
Target Brandrud Furniture
Sector Furniture
Buyer(s) MillerKnoll
Sellers(s) Peterson Partners
Deal Type Add-on Acquisition

Target

Brandrud Furniture

Sheboygan, Wisconsin, United States
Brandrud Furniture, Inc. is a manufacturer of healthcare furnishings, with an emphasis on seating products for patient rooms, patient treatment areas, and public spaces such as lobbies and waiting areas. Brandrud also serves the higher education and office markets.

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Buyer(S) 1

Buyer

MillerKnoll

Zeeland, Michigan, United States

Category Company
Founded 1905
Sector Furniture
Employees11,300
Revenue 4.1B USD (2023)
DESCRIPTION
Herman Miller's corporate headquarters in Zeeland, Michigan.
Herman Miller's corporate headquarters in Zeeland, Michigan.

MillerKnoll researches, designs, manufactures, and distributes interior furnishings for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. Through research, the Company seeks to define and clarify customer needs and problems existing in its markets and to design, through innovation where appropriate and feasible, products, systems, and services that serve as compelling solutions to such problems. The Company's products are sold primarily through independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. MillerKnoll was formed in 1905 and is based in Zeeland, Michigan.


DEAL STATS #
Overall 2 of 10
Sector (Furniture) 2 of 8
Type (Add-on Acquisition) 2 of 9
State (Wisconsin) 1 of 2
Country (United States) 2 of 6
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-30 Geiger Group

Atlanta, Georgia, United States

Geiger Brickel is a manufacturer of high quality wood furnishings for the contract furniture industry, including casegoods, freestanding furniture, and seating.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-24 Nemschoff

Sheboygan, Wisconsin, United States

Nemschoff is a manufacturer of high-quality, leading-edge design and is recognized as a market leader in healthcare furnishings, with specific strength in soft seating and the patient care environment.

Buy $63M

Seller(S) 1

SELLER

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 10 of 33
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 5 of 11
State (Wisconsin) 1 of 1
Country (United States) 10 of 30
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-04 Cranium

Seattle, Washington, United States

Cranium develops and sells award-winning family, adult and children's games focused on knowledge and discovery with a mission to lighten and enlighten people's lives'.

Sell $78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Azul Linhas Aereas Brasileiras SA

Barueri, Brazil

Azul Linhas Aereas Brasileiras is a Brazilian low-cost airlines.

Buy -