Aug. 6 at 4:31 PM
HNI to Acquire Steelcase in
$1.8B Deal!
@hnicorporation announced a definitive agreement to acquire @Steelcase (SCS) for a total implied value of
$16.88/share.
🔹 Expected to close by end of 2025
🔹 Highly accretive to non-GAAP EPS by 2027 with
$120M in expected synergies
🔹 Strengthens HNI’s position across both large enterprise and SMB markets
🔹 Post-deal leverage projected at 2.1x with quick path to deleveraging
🔹 Extends HNI’s streak of double-digit EPS growth into a sixth year
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https://www.watertowerresearch.com/doc?docID=UR_HNI_08052025
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