KBM Workspace and Hogue Merge as a Strategic Initiative for Growth

Irvine, Thomas H. Lee Partners, Ten-X, Stone Point Capital, CapitalG, Silicon Valley, THL, Wells Fargo Securities, J.P. Morgan Securities, Kramer Levin Naftalis & Frankel, Guggenheim Securities, Kirkland & Ellis
Photo by David Shield
San Francisco, Bay Area, Essex Property Trust
Photo by David Shield

Combined Entity Leverages Complementary Strengths, Expands Addressable Markets, and Extends Leadership as the Top Knoll Dealership in Northern California

SAN JOSE and SAN FRANCISCO, Calif. — KBM Workspace and Hogue, both premier Knoll dealerships headquartered in San Jose and San Francisco respectively, announced today that they have merged, resulting in a combined entity to be known as KBM-Hogue.

The merger creates an industry-leading, full-service office furniture dealership with operations in San Jose, San Francisco, and Sacramento, representing the largest Knoll dealership in Northern California. This transaction enables KBM-­Hogue to leverage complementary areas of strength; including ground-breaking design, high-touch customer service, and flawless execution. The combined operations, expanded footprint, and economies of scale strengthens KBM-Hogue’s market presence. Thus, enabling the company to achieve faster growth as a stronger, more competitive single company.

“This merger is an affirmation of the fact that KBM-Hogue is greater together – a true synergy” said Stan Vuckovich, Chief Executive Officer at KBM Workspace. “KBM-Hogue will leverage their combined expertise in multiple vertical markets, enhancing our clients overall experience. Combining our larger geographic footprint and greater operating efficiencies, we become greater together.”

KBM-Hogue will be led by Vuckovich as CEO. His focus will be on guiding the company’s growth, and continuing to develop its strategic vision. Under his leadership, KBM Workspace increased revenue by 6X since 2009.

Jonathan Gaber, of Hogue said, “I am excited about the possibilities that this merger brings to the entire KBM-Hogue team. As a larger and stronger company in a vibrant industry, KBM-Hogue will be able to offer our talented employees many paths to career success while taking the company to new heights.” “This merger fulfills one of our original goals-to ensure and expand the Hogue model of success by combining two outstanding organizations that have a proven record of employee and client care,” shared David Boggs, of Hogue.

“KBM-Hogue creates an important strategic partner to Knoll, leveraging our award-winning design, pacesetting research and leading edge service in the Northern California commercial, healthcare and educational markets,” said Mike Benigno, Divisional Vice President at Knoll. “Both KBM and Hogue have been consistently among the top‐performing Knoll dealerships in the nation. This new entity brings together the right talent and expertise to continue to serve our clients and build new relationships.”

About KBM Workspace
KBM Workspace, the premier Knoll dealer in Silicon Valley, was originally Kennedy Business Machines, founded in downtown San Jose in 1946. As a Knoll dealer from the beginning, KBM Workspace has been in the forefront of office furnishings design, from the days of typing pools and mahogany executive offices to the cubicles of the Silicon Valley startups to the mobile knowledge-workforce of the 21st century.

KBM has been celebrated in the San Jose/Silicon Valley Business Journal as one of Silicon Valley’s 50 fastest private growing private companies. They were recognized by the San Jose Silicon Valley Chamber of Commerce as the Small Business of the Year in 2014.

About Hogue
Hogue, a premier Knoll dealership in San Francisco and Sacramento, was founded in 1974 by Wayne Hogue. Jonathan Gaber, President and David Boggs, CFO purchased the company in 1999. Since its inception, Hogue has continued its commitment to excellence through outstanding project management and customer service. Whether servicing a global law firm or a tech-start up, the teams consultative approach has fostered long-term relationships with their clients.

About Knoll
Knoll is a constellation of design-driven brands and people, working together with our clients to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements brands. These brands – Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, and DatesWeiser – reflect our commitment to modern design that meets the diverse requirements of high performance workplaces and luxury interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve Leadership in Energy and Environmental Design (LEED) workplace certification. Knoll is the founding sponsor of the World Monuments Fund Modernism at Risk program.

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