Elkhorn-based
Arrow Companies, a manufacturer of sewing and craft furniture, has been acquired by Omaha, Nebraska-based
TEK Holdings for an undisclosed price.
TEK Holdings, a leading designer and e-commerce-based marketer of branded products to quilting and crafting enthusiasts and retailers, is a portfolio company of St. Louis-based private equity firm
WILsquare Capital.
"Arrow Sewing represents a highly complementary addition to the TEK Holdings platform," said
Andrew Scharf, director at WILsquare Capital. "We believe this acquisition unlocks new opportunities across the TEK Holdings portfolio of brands and meaningfully advances our market leadership position."
Arrow Sewing sells its products through a nationwide network of dealer partners and its website. The company provides modular, space-saving and ergonomic sewing furniture to its customers. The company’s products include retail displays, sewing cabinets and chairs, storage cabinets, custom acrylic inserts, and more.
"I am excited to welcome Arrow Sewing to our growing family of quilting, sewing and crafting brands," said
Renee Thomas Jacobs, chief executive officer of TEK Holdings. "Our organizations have a mutual passion for developing unique products and innovative solutions for a shared customer base. Together, we can offer even more inspiration to our combined audience of crafting enthusiasts."
Arrow was
recognized as one of the region's fastest growing companies as part of BizTimes Media's Future 50 program in 2023.
