Apr 16, 2025
Quiltcraft Industries, a leading provider of custom window treatments and bedding for the hospitality industry, has acquired Fabtex Inc., one of its largest competitors
HOUSTON, TEXAS – Quiltcraft Industries, a leading provider of custom window treatments and bedding for the hospitality industry, has acquired Fabtex Inc., one of its largest competitors. The transaction follows a recapitalization of Quiltcraft by Willistown Capital, a private equity firm focused on partnering with middle-market companies for long-term growth.
The acquisition marks a major milestone in Quiltcraft’s growth trajectory. The recapitalization closed in late 2024, with Statesman Corporate Finance, LLC (“Statesman”) serving as exclusive sell-side advisor to Quiltcraft and later providing buy-side advisory on the Fabtex acquisition.
“This is a transformative moment not only for Quiltcraft and Fabtex, but the broader industry,” said David Pearson, CEO of Quiltcraft. “By joining forces, we expand our capabilities, deepen our expertise, and build a truly national footprint with international sourcing and manufacturing. Together, we’re positioned to offer unparalleled value and service to the hospitality industry.”
Combined, Quiltcraft and Fabtex bring nearly a century of experience, more than 300 employees, and a geographic footprint spanning Texas, California, Pennsylvania, and Mexico.
“We’re thrilled to align with a partner who shares our values of innovation, integrity, and excellence,” said Dave Deters, EVP of Sales at Fabtex. “This partnership strengthens our ability to serve clients at every stage of the design and installation process.”
“This transaction reflects our confidence in both teams, our belief in the industry’s strength, and in the value of combining two market leaders,” added Bill Boffa, Managing Partner of Willistown Capital. “David Pearson and Dave Deters bring complementary leadership and deep sector expertise. Together, they’re building a category-defining platform, and we’re proud to support their long-term vision.”
The companies will continue operating independently in the near term while strategically aligning systems and capabilities over time. Customers will benefit from expanded offerings, enhanced flexibility, and the industry’s most comprehensive installation network.
This marks Willistown Capital’s second platform company and first investment in textile manufacturing and hospitality services. Legal and accounting advisors included McGuireWoods, Cuatrecasas, Calvetti Ferguson, and others. Midwest Mezzanine Funds and Providence Investment Partners provided debt and equity financing, with Penstock Equity also participating.
About Willistown Capital
Willistown Capital is a Houston-based private investment firm focused on building long-term value in middle-market companies. The firm believes people and culture drive success and takes a flexible, partnership-oriented approach. Willistown supports its portfolio companies in enhancing performance, driving efficiencies, and fostering sustainable growth.
Willistown Capital is actively seeking new investments in the custom window treatment industry — as well as across a diverse range of sectors.
For inquiries, contact: acquisitions@willistowncapital.com