Quad-C Makes Investment in Thibaut

Industrial

Quad-C investment in Thibaut, a portfolio company of NEP


Summary

Quad-C Management, Inc. (“Quad-C”) recently announced its investment in Thibaut, Inc. (“Thibaut” or the “Company”), a portfolio company of Norwest Equity Partners ("NEP"). The terms of the transaction were not disclosed.

Baird served as a financial advisor to Quad-C on this transaction.

About

Founded in 1989, Quad-C is a middle-market private equity firm focused on investing in established services and industrials companies. In its three-decade history, Quad-C has invested $4.9 billion of capital in 90 platform companies and over 410 add-on acquisitions. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Quad-C is headquartered in Charlottesville, Virginia.

Established in 1886, Thibaut is the oldest wallcovering company in the United States. Since the Company's inception, Thibaut has evolved into a full-service design house with a diverse product offering of wallcoverings, fabrics, trims, area rugs and other home products from Thibaut, Anna French, Coraggio and Rosemary Hallgarten. Known for its exceptional and unique designs, the Company prides itself on inspiring color palettes, fresh interpretations of classic designs, best-in-class service and exclusive artwork created by an in-house design team. Thibaut's brands are sold to the trade only and available in hundreds of locations around the globe, with six flagship showrooms in the US and corporate offices in New Jersey and London. Thibaut is headquartered in Union, New Jersey.

NEP, a Norwest Capital strategy, invests in growing, profitable middle-market companies and partners closely with management teams to build businesses for enduring success. NEP brings a collaborative, shoulder-to-shoulder approach grounded in pattern recognition, repeatable processes and a focus on what drives performance—people, process and execution. Its NEP Performance Engine™ provides a structured, proven framework to accelerate growth and build lasting value. NEP focuses on opportunities across Business Services, Consumer and Industrials, investing nationwide from offices in Minneapolis and West Palm Beach. NEP is headquartered in Minneapolis, Minnesota.
CONTACT US TO LEARN MORE
Industrial

Quad-C investment in Thibaut, a portfolio company of NEP

Date
May 2026
Company
Quad-C Management, Inc.
Transaction
M&A - Buyside
Sectors
Industrial
Verticals
Distribution
Building & Infrastructure
Target Geography
North America
Acquiror Geography
North America

Share