M&A Deal Summary

MillerKnoll Acquires Design Within Reach

On July 17, 2014, MillerKnoll acquired retailer Design Within Reach for 154M USD

Acquisition Highlights
  • This is MillerKnoll’s 1st transaction in the Retail sector.
  • This is MillerKnoll’s 3rd largest (disclosed) transaction.
  • This is MillerKnoll’s 5th transaction in the United States.
  • This is MillerKnoll’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2014-07-17
Target Design Within Reach
Sector Retail
Buyer(s) MillerKnoll
Deal Type Add-on Acquisition
Deal Value 154M USD
Advisor(s) Financo (Financial)
Ellenoff Grossman & Schole (Legal)

Target

Design Within Reach

Stamford, Connecticut, United States
Design Within Reach retail storefront in Downtown Chicago.
Design Within Reach retail storefront in Downtown Chicago.
Design Within Reach is a provider of distinctive modern design furnishings and accessories. The company markets and sells products from prominent designers, such as Ludwig Mies van der Rohe and Charles and Ray Eames, through four highly integrated sales channels consisting of its studios, catalog, website and direct sales force.

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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 7 of 10
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 7 of 9
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2014) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-24 Maharam Fabric

New York, New York, United States

Maharam Fabric Corporation is a New York-based, global designer and provider of high quality interior textiles for commercial, healthcare, and residential interiors.

Buy $156M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 HAY A/S

Horsens, Denmark

HAY A/S creates contemporary furniture that uses sophisticated industrial manufacturing to satisfy the needs of modern living. HAY A/S commitment to the design and production of furniture, lighting, and accessories with an international appeal, strives to make good design accessible to the largest possible audience.

Buy -
Mergr

Product

Company

Legal