HNI Corporation Acquires Steelcase Inc.

HNI Corporation Acquires Kimball International

June 1, 2023

Manufacturing

HNI Corporation has completed the acquisition of Kimball International in a cash-and-stock transaction valued at approximately $485 million. The deal combines two commercial furnishings businesses to create a larger platform with broader product offerings and expected cost synergies.

Steelcase Inc. Acquires HALCON Furniture

May 5, 2022

Manufacturing

Steelcase Inc. signed a definitive agreement to acquire HALCON, a Stewartville, Minnesota-based designer and manufacturer of precision wood office furniture, for $127.5 million plus up to $9.5 million of contingent consideration. HALCON reported approximately $70 million of revenue over the trailing twelve months through April 2022 and a backlog near $56 million; the transaction is expected to close in Steelcase's second quarter of fiscal 2023.

Herman Miller Acquires Knoll, Creating Market Leader in Modern Design

July 19, 2021

Manufacturing

Herman Miller completed its previously announced acquisition of Knoll, Inc., combining the two companies into a global leader in modern furniture and design. The transaction converted each Knoll share into 0.32 Herman Miller shares plus $11.00 in cash, leaving Herman Miller shareholders with about 78% of the combined company and Knoll shareholders with about 22%.

Nippon Steel Acquires U. S. Steel

June 18, 2025

Manufacturing

Nippon Steel Corporation, together with its wholly owned subsidiary Nippon Steel North America, completed the all-cash acquisition of United States Steel Corporation for $55 per share (approximately $14.1bn equity; $14.9bn enterprise value). The transaction preserves U. S. Steel's headquarters and name in Pittsburgh, includes a national security agreement (golden share) with the U.S. government, and commits roughly $11bn of new investment in U. S. Steel through 2028.

S.i. Systems Acquires HVN Solutions

February 20, 2024

IT Services

S.i. Systems, Canada’s largest IT staffing company, has acquired HVN Solutions, an IT consulting and digital resource firm formed from HireValues and Nucleo Digital. The acquisition (terms not disclosed) expands S.i. Systems' talent offerings and professional services/Statement of Work capabilities across North America as it integrates HVN's teams and brands.

Nucor Corporation Acquires Elite Storage Solutions

April 5, 2022

Manufacturing

Nucor Corporation acquired steel racking manufacturer Elite Storage Solutions for $75 million. The deal expands Nucor's steel racking capabilities and establishes a manufacturing presence in the U.S. Southeast to better serve customers nationwide.