Dallas-based Arteriors, a provider of luxury lighting, furniture and decorative accessories, has partnered with Minnesota-based Norwest Equity Partners (NEP) to support its continued growth and expansion. NEP’s investment marks the first time Arteriors has partnered with an institutional investor, marking a significant milestone for the brand. The transaction closed on June 18.
Founded in 1987 by Mark Moussa, Arteriors has evolved from a boutique accessories company to a multi-channel, luxury lighting and furnishings brand offering an array of products ranging from lighting, furniture, wall décor and accessories. Founded in 1961, NEP is a leading middle market investment firm with deep experience working with growing, profitable and scalable industry-leading companies.
“After 30-plus years as a founder-owned business, our entire team is excited for our investment partnership with NEP, which will help us prioritize and resource our strategic initiatives and provide capital for growth. Providing superior service and value to our customers will remain our top priority as will our efforts to launch new and innovative, design-driven products. I have never been more excited about our prospects for growth and the future,” says Moussa.
Photo: Courtesy of Arteriors