WILsquare Capital has successfully acquired TekBrands, a leading eCommerce marketer of quilting and crafting products, aiming to leverage its growth potential in the burgeoning crafting industry.

Information on the Target

WILsquare Capital, a private equity firm based in St. Louis, announced the acquisition of TekBrands, LLC, a prominent designer and eCommerce marketer of products tailored for quilting and crafting enthusiasts. Headquartered in Omaha, Nebraska, TekBrands offers a variety of well-known brands, including AccuQuilt and AccuCut, which provide innovative solutions for cutting fabric and paper used in various creative projects. The company also features the MemoryStitch brand, which specializes in converting customers' tee-shirts and fabrics into beautifully crafted quilts.

Steve Nabity, who co-founded TekBrands alongside his wife Lynette in 1990, expressed enthusiasm for this new partnership, affirming that WILsquare recognizes the value built by the leadership team and demonstrates a commitment to future growth. Following the acquisition, Nabity will maintain his role on the company’s board.

Industry Overview in the Target's Specific Country

The quilting and crafting industry has seen significant growth in recent years, driven by a resurgence in interest for hands-on creative activities. This trend ha