- Backed Twin Star Home Acquires Grand Basket, Strengthening Omnichannel Leadership in Outdoor Products
BOCA RATON, Fla.--(BUSINESS WIRE)--Twin Star Home ("Twin Star" or the "Company"), the omnichannel market leader in award-winning indoor and outdoor home furnishings, today announced the acquisition of Grand Basket, a leading provider of outdoor patio furniture and accessories in North America. Twin Star is a portfolio company of Z Capital Partners, L.L.C., the private equity arm of Z Capital Group, L.L.C. ("ZCG"), a leading privately held merchant bank. Terms of the transaction were not disclosed.
Founded in 1962, Grand Basket, based in Colorado, is a leader in high-quality patio furnishings and accessories, bolstered by a market-leading private label business. The acquisition of Grand Basket strengthens Twin Star’s leadership as an e-commerce-driven home furnishings and outdoor living platform across North America. The addition of Grand Basket builds upon Twin Star’s prior expansion into outdoor lifestyle products through the acquisitions of TK Classics in January 2020 and Classic Accessories in June 2021.
“We are excited to add Grand Basket to the Twin Star family and enhance our leadership in indoor and outdoor home furnishings,” said Mark A. Gold, Twin Star's Chief Executive Officer. “Grand Basket has a long legacy of developing high-quality outdoor products that empower consumers to make the best of their outdoor environments. We look forward to welcoming the Grand Basket team and leveraging our combined talent to drive continued growth. This acquisition builds upon our foundation and further differentiates Twin Star in delivering unrivaled design, quality and innovation to our retail partners and end consumers.”
“Twin Star’s strategic acquisition of Grand Basket is both exciting and opportune at this important moment in the Company’s journey,” said James Zenni, Founder, President and Chief Executive Officer of ZCG. “We are pleased to welcome the Grand Basket team and see this transaction propelling Twin Star to new heights within the outdoor product sector by accelerating their commitment to delivering exceptional value and driving continued innovation.”
Grand Basket will maintain operations in Denver, Colorado, while the combined company will be headquartered in Boca Raton, Florida.
About Twin Star Home
Twin Star Home is a leading omnichannel, consumer-driven designer and manufacturer of indoor and outdoor living products to enhance the home experience. Twin Star Home’s award-winning designs of functional, beautiful, and affordable product lines include furnishings for the living room, home office and bathroom, many with integrated technology and media solutions. Outdoor living products include modular seating collections, dining tables, bars, fire pits and accessories. Twin Star Home is a pioneer in the transformation of the home furnishings business model with borderless, leading e-commerce platforms and traditional retailing. Twin Star Home holds hundreds of product, design and technology patents and combines the latest trends with consumer-driven innovation. Twin Star Home’s mission is to create products that enhance the consumer home experience. Consumers and retailers alike recognize Twin Star Home for its trusted national brands: ClassicFlame®, TK Classics®, Classic Accessories®, Bell’O®, Duck Covers™, Tresanti®, ChimneyFree® and licensed brand partnerships with Duraflame®, kathy ireland® Homes & Garden, Vera Bradley, John Deere, Craftsman, and Frida Kahlo. Find out more at www.twinstarhome.com.
Twin Star is a portfolio company of Z Capital Partners, L.L.C., the private equity arm of Z Capital Group, L.L.C. ("ZCG"), a leading privately held merchant bank.
