M&A Deal Summary

Monomoy Capital Partners Acquires Klaussner

On February 15, 2017, private equity firm Monomoy Capital Partners acquired furniture company Klaussner

Acquisition Highlights
  • This is Monomoy Capital Partners’ 1st transaction in the Furniture sector.
  • This is Monomoy Capital Partners’ 26th transaction in the United States.
  • This is Monomoy Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-02-15
Target Klaussner
Sector Furniture
Buyer(s) Monomoy Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Klaussner

Asheboro, North Carolina, United States
Klaussner manufactures and distributes furniture and furniture components in the US. Klaussner supplies upholstery, casegoods, and specialty sleep products to large home furnishings retailers, regional retailers and online retailers. The Company manufactures over 70% of its products domestically through its five manufacturing campuses in North Carolina. The remaining products are sourced from strategic partners in Vietnam and China. Klaussner was founded in 1963 and is based in Asheboro, North Carolina.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 26 of 44
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 23
State (North Carolina) 1 of 1
Country (United States) 26 of 44
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Friedrich Air Conditioning

San Antonio, Texas, United States

Friedrich Air Conditioning manufactures room air conditioning, dehumidification and air purification products for residential and commercial applications. Friedrich is among industry leaders in high-end air conditioning solutions for single room use in lodging, commercial and multi-family sectors. The company is based in San Antonio, Texas with manufacturing operations in Monterrey, Mexico and distribution centers in Texas and New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 West Marine

Fort Lauderdale, Florida, United States

West Marine is an omnichannel specialty retailer exclusively offering boating gear, apparel, footwear and other waterlife-related products. The Company has more than 250 stores located in 38 US states and Puerto Rico and an eCommerce website reaching domestic, international and professional customers. West Marine was founded in 1968 and is based in Fort Lauderdale, Florida.

Buy $338M
Mergr

Product

Company

Legal