Branford Castle Partners, a private equity firm, has acquired Handi Quilter, a manufacturer of quilting machines, through its affiliate Branford Castle Partners II, L.P. from Premier Needle Arts.

Handi Quilter provides technology to the quilting market, with their products used in over 1,000 locations.

“We are excited to partner with the Handi Quilter leadership team, honoring the joy and passion of quilting across the globe. The Company’s position as the leader in the longarm quilting market, along with their customer-oriented focus and approach, make it an exceptional platform for continued growth,” said Ceon Francis, vice president of Branford Castle.

Akerman LLP acted as legal counsel for Branford Castle. Handi Quilter was advised on the sell-side by Stifel Nicolaus. The transaction will be financed with senior debt from Apogem Capital and mezzanine debt from Siguler Guff & Company.