Twin Star Home Acquires Third Outdoor Products Producer
originally published in Furniture Today
Vicky Jarrett //Managing Editor
BOCA RATON, Fla. — 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.
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.
