Sell Side Advisor

Duff & Phelps Advised Home Meridian International on its Sale to Hooker Furniture Corporation

Hooker Furniture Corporation (“Hooker”) has completed the purchase of the business of Home Meridian International, Inc. (“HMI”) for approximately $100 million. According to Hooker, the combination will create one of the top five sources for furniture in the United States. The transaction closed on February 1, 2016.

Duff & Phelps served as exclusive financial advisor to HMI in connection with the sale transaction.

About HMI

HMI is the parent company of five business units including Pulaski Furniture, Samuel Lawrence Furniture, Samuel Lawrence Hospitality, Prime Resources International and Right 2 Home. In addition, Sourcing Solutions Group and Right 2 Home provide customized and proprietary products and services to HMI partners. HMI has a unique business model, which allows the company to create global sourcing solutions for major customers and multiple channels of distribution. HMI has consistently been recognized as an industry leader in sales gain and growth. Headquartered in High Point, N.C., HMI has distribution centers on both coasts and Asian operations in China, Vietnam and Malaysia.

About Hooker

Ranked among the nation's top 10 largest publicly traded furniture sources based on 2014 shipments to U.S. retailers, Hooker is a residential wood, metal and upholstered furniture resource in its 91st year of business. Hooker’s major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture primarily in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include: Bradington-Young, Sam Moore Furniture, and Hooker Upholstery.The Homeware product line offers direct-to-consumer, customer-assembled, modular upholstered and casegoods products. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Consumer Investment Banking

Consumer, Retail, Food and Restaurant expertise for middle-market M&A transactions.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

See All Case Study