Twin Star Home, an omnichannel provider of indoor and outdoor
home furnishings, today announced its acquisition of Grand
Basket, a provider of outdoor patio furniture and accessories in
North America.
Deal marks the company¡¯s 3rd acquisition of an outdoor furniture
resource since January 2020
Twin Star is a portfolio company of Z Capital Partners, the
private equity arm of privately held merchant bank Z Capital
Group. Terms of the transaction were not disclosed. Stump & Co.
represented the sellers in this transaction.
Founded in 1962, Colorado-based Grand Basket produces
high-quality patio furnishings and accessories, along with a
private label business. The acquisition of Grand Basket
strengthens Twin Star¡¯s 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 CEO. ¡°Grand Basket has a long
legacy of developing high-quality outdoor products that empower
consumers to make the best of their outdoor environments.¡±
He added, ¡°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.¡±
Grand Basket will maintain operations in Denver, while the
combined company will be headquartered in Boca Raton, Fla. The
company offers a portfolio of outdoor furniture, accessories and
lighting.
Twin Star Home offers products 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.