Klaussner Home Furnishings, Randolph County’s third-largest employer, was acquired by the private investment firm Monomoy Capital Partners. Monomoy is based in New York City and employs more than 10,000 on four continents. Raymond James & Associates acted as exclusive financial advisor, and terms of the deal were not disclosed. Klaussner was founded as Stuart Furniture in 1963 and purchased in 1979 by Hans Klaussner. With 1,001 employees, it is one of the nation’s largest furniture companies, having showrooms in High Point, Las Vegas, and Chicago. Brands include Enso Sleep Systems, Comfort Design, and Klaussner Outdoor. The deal provides instant capital Klaussner was seeking for expansion, and allows Monomoy to grow its furniture company portfolio. Klaussner’s management team will remain in place and hold a minority stake in the company. Since its founding in 2005, Monomoy has successfully invested in 40 companies with $1.5 billion in committed capital.