

M&A activity continues in the contract industry as the number of manufacturers shrinks. In the latest consolidation, OFS announced its acquisition of recent startup ROOM, a well-known name in adaptive architecture and modular workspace products (i.e., soundproof office pods and office phone booths for the workplace). A purchase price was not announced.
The partnership represents a significant milestone for OFS, combining ROOM's space-efficient solutions with OFS's extensive range of contract furniture offerings. The collaboration aims to redefine the future of workplace design, meeting the evolving needs of modern workspaces. OFS and ROOM customers can anticipate a more comprehensive range of products prioritizing design excellence and functional versatility. The company said the joint expertise will expedite the development of new solutions that cater to privacy, collaboration, and wellness in the workplace.
"We are thrilled to welcome ROOM into the OFS family. This partnership is a testament to our commitment to innovation and excellence in office design. ROOM's cutting-edge adaptive architecture complements our mission to create workspaces that are not only aesthetically pleasing but also functionally dynamic. Together, we will continue to push the boundaries of what a workspace can be, ensuring our customers have the best environment to thrive in today's fast-paced world," said Wesley Edmonds, Director of Adaptive Architecture at OFS.
ROOM was founded in 2017 by Morten Meisner-Jensen and Brian Chen. Prior to the acquisition by OFS, ROOM raised a total of $14.5 million across three funding rounds. A significant portion of this funding came from a $12.5 million Series A round led by Slow Ventures. Other participants in this round included SJF Ventures, Lerer Hippeau, FJ Labs, and the renowned architect Bjarke Ingels.

Today, Wurkwel Ventures, a leader in providing sustainable office furniture solutions and services, has announced its principal ownership and lead investment in FurnitureFinders. Known as the Premier Office Furniture Marketplace, FurnitureFinders plays a crucial role in the circular economy. It empowers customers to make environmentally-friendly choices when furnishing their office spaces while providing a platform for furniture dealers to showcase and sell their sustainable pre-owned and refurbished inventories.
This latest acquisition by Wurkwel Ventures signifies its dedication to promoting environmental consciousness and ensuring positive impacts on climate change. This is achieved by enhancing the circular economy and sustainable practices within the office furniture industry, a focus shared by its growing portfolio of companies.
As part of this acquisition, Wurkwel Ventures has set forth a plan to introduce "planet first" best practices that stress the importance of sustainability measurement metrics, clear implementation strategies, and practical applications. The plan also includes mapping out interactions to mitigate the potential unintended consequences of industry waste and formulating company policies that promote effective sustainable practices in the real world.
Wurkwel Ventures aims to extend the product life cycle of used furniture. This will be accomplished by positioning FurnitureFinders as the go-to marketplace for used office furniture, expanding its range of product offerings, and innovating and advancing the technology assets, software, and services to offer a seamless and efficient customer experience. A key part of this strategy involves leveraging Wurkwel Ventures' digital capabilities to expand reach, connectivity, and transactions.
Mason Awtry, CEO and Founder of Wurkwel Ventures, shared his views on the acquisition, stating, “Sustainability and innovation go hand in hand. The key is to embrace the natural progression of disruption and change early.” He further emphasized the responsibility of the used office furniture industry to embrace new practices that extend product life cycles, expand landfill diversion practices, and innovate e-commerce platforms to meet the needs of today's consumers, adding, “Wurkwel is proud to be leading the way.”
This announcement is particularly significant given that, according to the U.S. Environmental Protection Agency, more than 12 million tons of furniture are discarded and end up in landfills every year.
Founded in 2004, Wurkwel Ventures, LLC includes a portfolio of business service organizations that focus on the needs of corporate tenants in transition. Wurkwel consists of a variety of businesses that focus on new and used office furniture, relocation and facility services, decommissioning, liquidation, and industry technology.
Wurkwel Ventures’ portfolio of businesses and brands are made up of Rightsize Facility, Office Furniture Center, MAC Relocations, Chicago Film Furnishings, and Chicago Commercial Storage, to name a few.

Furniture company Haworth has teamed up with Architype, a manufacturers’ representation and project advisory firm, in a strategic partnership. The alliance aims to bring Haworth's high-quality furniture and interior architectural products to new markets, as well as respond to the increased demand for architectural and ancillary products. Architype will now represent Haworth's architectural products, including the Pergola, HushOffice, Trivati, and Enclose ranges, as well as premium ancillary brands like BuzziSpace, Cappellini, Cassina, Emeco, GAN, Janus et Cie, and Poltrona Frau.
Architype, which boasts over 30 years of experience in the industry and a reputation for fostering brand awareness and relationships, will leverage its expertise to provide meaningful project support to customers. The firm's professionals work closely with the architectural and interior design community, providing sales, installation, and service of products to clients. The partnership marks an exciting step for both companies in expanding their premium interior offerings and advancing the industry's model.

Studio TK, the contract furniture company that recently marked its 10th anniversary, has ushered in a new era by appointing Koorosh Sharghi as its president. Renowned for providing contemporary designs that seamlessly blend into various environments, the company is set for an expansion phase under Sharghi's leadership.
Sharghi, who has a rich background in commercial furniture manufacturing, plans to extend the brand's reach and emphasize the importance of customer service, product relevance, and quality. "As we stand on the threshold of a significant office design transformation, the relevance of collaboration and social spaces has never been more important. I am eager to promote Studio TK as a trusted resource for both dealers and designers," Sharghi stated.
Prior to joining Studio TK, Sharghi represented household brands such as Huggies and Sharpie in the consumer products sector. He also served as division president at a modern office furniture manufacturer. His academic credentials include a Bachelor of Business Administration in accounting and business/management from Tennessee Wesleyan University.









Zucker, a native of St. Louis, previously served as managing director at Interior Investments, a Lincolnshire, Illinois-based office furniture and fixtures manufacturing company, where she oversaw talent development, operations and growth in the market.
Prior to that, she held various leadership roles at Herman Miller, helping to close some of the largest office furniture transactions across the country.

