Arteriors, a leading 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, 2019.
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 extensive array of products ranging from lighting, furniture, wall decor and accessories. Over the years, Arteriors has earned strong support from residential and commercial interior designers and specialty retailers due to its bold and unique designs, freshness of product offering and responsive customer service.
For the past three decades, Moussa has maintained a commitment to growth and reinvestment in Arteriors. Recent expansions at the New York Design Center, High Point Market Commerce & Design Building and London’s Chelsea Harbour Design Centre, along with a flourishing Guest Designer roster, including new additions Frank Ponterio, Ray Booth, Beth Webb and Workshop APD makes the investment partnership with NEP a natural next step for Arteriors’ evolution.
Moussa shared, “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.”
Founded in 1961, NEP is a leading middle market investment firm with deep experience working with growing, profitable and scalable industry-leading companies. “The combination of our investment team experience and Arteriors’ ability to consistently offer premium products, highly efficient distribution, and an amazing culture and brand will further support the Company’s growth and drive it to the next level,” shared Tim Kuehl, a NEP Partner.