TekBrands LLC
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TekBrands LLC - overview
Established
2013
Location
Omaha, NE, US
Primary Industry
Marketing/Advertising
About
TekBrands LLC, based in the US, specializes in innovative quilting tools and crafting supplies, enhancing creativity and efficiency for professional quilters and hobbyists alike. Founded in 2013 and headquartered in Omaha, US, TekBrands LLC focuses on the quilting industry, offering a diverse range of products. The company underwent a significant change when WILsquare Capital acquired TekBrands on December 15, 2021. This acquisition is aimed at preserving and expanding the company’s legacy.
TekBrands LLC, through its subsidiaries such as AccuQuilt, Arrow, and June Tailor, offers a diverse range of products primarily focused on the quilting and crafting industries. Their core product offerings include innovative fabric cutters, quilting tools, and crafting supplies designed to enhance creativity and efficiency for a variety of end-users, including professional quilters, educators, and hobbyists. Notable products include the AccuQuilt GO! ® electric fabric cutter, which simplifies the fabric cutting process, and the GO!
Qube® boxed sets, which provide comprehensive quilting solutions. These products are aimed at addressing common challenges faced by quilters and crafters, such as time consumption and precision in crafting. TekBrands serves a global customer base, with products distributed in North America, Europe, and Asia, ensuring accessibility for a wide range of crafting enthusiasts and professionals. TekBrands LLC generates revenue through a multi-faceted sales approach, focusing on both direct-to-consumer and B2B transactions.
The company collaborates with craft retailers and wholesalers to distribute its flagship products, including the AccuQuilt GO! ® fabric cutter and related accessories, ensuring a broad market presence. Transactions typically occur via wholesale agreements, where retailers purchase products in bulk for resale to individual customers, as well as through direct sales on e-commerce platforms. Regular pricing structures are implemented for various product lines, which may include single-item purchases or bundled sets tailored to specific crafting needs.
This comprehensive approach facilitates a consistent revenue stream by catering to diverse customer segments, from individual crafters to larger retail partnerships. Following its acquisition in December 2021, TekBrands LLC plans to utilize the support from WILsquare Capital to preserve and expand its legacy. The company is focused on designing and launching new products to enhance its offerings in the quilting market, although specific product release dates have not been disclosed. Additionally, TekBrands aims to expand its reach into new geographic regions, targeting emerging crafting markets in specific areas by 2024.
Current Investors
WILsquare Capital
Primary Industry
Marketing/Advertising
Sub Industries
eMarketing/Digital Marketing
Website
www.tekbrandsllc.com
Verticals
AdTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
TekBrands LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Arrow Companies, LLC | - | ||||||||
| Add-on | Completed | June Tailor Inc. | - | ||||||||
| Buyout | Completed | TekBrands LLC | - |
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