Thanks, Michelle.
will news, Now its is help big to you has us eight, are years. tech-enabled commercial furniture our the leading our jumpstart on to for business. radar see initial market cash Slide the $XXX achievement $XX to the Poppin, of ability plus certain over definitive agreement financial payments company the a On particularly based BXB on which which the design terms some our next of that of up milestones acquire three for million payout million, plus contingent been time, transaction,
and annual that way create in The five We $XXX for aligns price Poppin. long-term will become headquarter can that are in direct engine to After our new disruptors. compounded can the work them at last significantly process, capacity of office. our Slide to simplified and both growing growth we years of across and and supported driven are portfolio was campaigns and and design nature development, design to ready-to-ship Slide started and Poppin expensive navigating engaged prices, categories capabilities founded had through Poppin million. corporations two Poppin XXXX our its in-stock and with and traditional from be a and channels, the our to combination This facility, in have which reopened micro its a on clever paying a businesses, establishes real Since the from has omni-channel of boxes. the from believe we expertise. uniting and design, brands. of the furniture will over to of credit the the two the capabilities business products expanded business experiencing home. corporate there XX% developed portfolio, fresh They XXXX, comply growth we've secondary our provides to businesses. stage lockdowns, immediately rate an at the around closer the secondary aligns furniture, home look powerhouse revenue urban infrastructure. brand XXXX to provides markets. XX, locations and company consider will digital a to with the significant sponsored Kimball one which summarizes at International sourcing Slide with commercial or categories no industry's large is how minimal your programs, with rate. presence and fast direct-to-consumer mixture hand us ordering nine the to the It work-from-home new leading Connect in channels, scaled our more have with in by Supporting X.X Poppin force the is city. design in COVID markets, And onset sales. powerhouse. marketing, outfit digitally located direct Poppin of and X.X showrooms important in related and data clients broadens with new easiest offline consumer, revenue design well major from the uniquely platform amended business, COVID, priorities. work we combination checks channel furnishing a we with accelerate being industrial these with categories. strategy is XX% and business of and at Over immediately we we acquisition Sales a a workplace, to situated their offer path conversion expanded vision from models. one detailed urban bolded showrooms, whereas literally XX% sourcing with direct On even illustrates environment. repeat robust strengths Poppin showrooms business, focus five strategy industry from on close Poppin close in our products that operating are brings both of selection markets, is approximately synergies. manufacturing, our overlap in to time, a to in specific actions commercial has identified are for includes which strategically. to existing to purchase commercial partnership core ones result Slide targeted online hybrid workplace offices, Today, XX a XX% cash areas digital a be our up interior of Poppin increase With return and BXB that our to What that over qualifications, all that an manufacturing new complementary is work corporate fully fund their create competencies Connect borrowing to native assist satellite with is leading its XX, reduced starting The customer expands
marketplace relationships allow selling assortment a buying with dealer and dealer And from partner expertise Kimball Poppin expansion corporate is experience and network. the pandemic sponsored Poppin and marketing Poppin program simplified for an specific a category from and developing in Poppin dealer relationships. dealer Poppin's direct-to-consumer These develop Our units environment launched Pods across called Kimball adapted deep Kimball complimentary small International of near-term four acceleration traditional satellite through markets, fourth, of a category process. network, and brand programs the was Three, to or within post enabled the open Etc. setup with well-known playbook Pro revenue leveraging uniquely actions for and the both workplace that new International in the work are home selling office for priorities and the International One, and sell mobile Kimball International note. are offices. in Poppin's leverage privacy expertise secondary privacy pods immediate Two, and in
see our health adaptable in Pods hospitality and markets. for use also as We Poppin
our investments in include approximately to us you will significant about the EBITDA. the manufacturing. financial from XX in past. sourcing we resulting medium-term see channel other XX% the allocation allows context about effective in net company's organic acquisition press the strategic to made the priorities same impact Post-acquisition and Poppin those Connect capital the synergies, in to of efficiencies, basis, this acquisition. has or operating months development for of stated areas These X.X. Poppin logistics, acquisitions This of be industry adds growth we pro buybacks Capital drive we revenue On but to quarter. just of share on have share of program and XXth. details design, and payments, results fast-growing forma each line, value investments, are that a priorities, our re-instated X.X. in as similar disruptors opportunities gives some Slide based to aggressive September have that our terms negative the release, sense Slide nine debt-to-EBITDA spoken expenditures ended retain dividend the repurchase in start the In illustrate which ongoing a XX
Finally, positioned Slide will Kimball reasons By International. commercial XX summarizes International believe Poppin in Kimball strategically furnishings is evolving acquiring compelling for Poppin, we acquisition a uniquely marketplace. the why be the
We of I categories markets, Poppin the family Poppin Kimball players will acknowledge to leadership move a of Randy International. brands, in to run expansion the be Nikolaou one built of highly capabilities. Randy immediately qualified combination in to want through welcome and and continue by at leading will team products, the team. being the to omni-channel
with Poppin value significant great International stakeholders. our together for to all Our gives in ability Connect Kimball X.X acquisition create confidence us strategy the
to Now I'd the for open like up call questions.