Twin Star Home, an omnichannel market leader in award-winning indoor and outdoor home furnishings, has acquires Classic Accessories, a provider of outdoor living and leisure products, which include covers for patio and garden furnishings, cushions and accessories. Twin Star is a portfolio company of Z Capital Partners LLC, the private equity arm of Z Capital Group LLC, a privately-held asset manager.
“We are thrilled to add another industry leader to the Twin Star family and further diversify our growing selection of indoor and outdoor home furnishings,” said Lori Gonzalez, Twin Star’s chief executive officer. “Classic Accessories has a legacy of developing high-quality products that enhance consumers’ ability to maximize their outdoor living at home. Combining our companies and unlocking the talent of our employees creates an even stronger and more competitive, omnichannel market position and will enable us to bring total comfort and delight to consumers’ homes – all year long.”
“Adding Classic Accessories to Twin Star creates great scale and will drive continued growth based on today’s long-term consumer shopping trends as the Company is ideally situated at the intersection of what consumers want in home furnishings and how they want to acquire them through e-commerce,” said James Zenni, founder, president and chief executive officer of ZCG. “We are pleased to welcome the Classic Accessories team and are confident that the combined company will be well-positioned to execute on the many tangible avenues for growth.”
“Twin Star has invested heavily in its platform over the last several years, including in talent, technology, supply chain, warehousing and logistics, and the acquisition of Classic Accessories is additive to this platform,” said Rahul Sawhney, senior managing director at Z Capital. “This combined infrastructure gives Twin Star a significant competitive edge in the e-commerce channel as well as in continuing to execute strategic acquisitions.”
Classic Accessories will maintain operations in Seattle, Washington. The combined company will be headquartered in Delray Beach, Florida.