Hilco Streambank seeks offers to acquire brand assets of legacy furniture brand Klaussner
Mar 15, 2024•over 1 year ago
Acquiring Company
Hilco Global
Acquired Company
Klaussner
Description
Hilco Streambank, a leading intellectual property advisory firm, has announced its intention to seek offers to acquire the brand assets of Klaussner, a renowned furniture brand with a rich history of offering value-driven products and speed-to-market innovation. The acquisition presents an opportunity for the buyer to leverage brand equity and connect with a desirable network of wholesale distributors, including furniture stores and online retailers.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed