MIAMI, FL – (April 25, 2016) Trivest Partners, L.P. (“Trivest”) announces the sale of Twin-Star International (“Twin-Star”), Inc. to Z Capital Partners, L.L.C., a global private equity firm. With this exit, Trivest has successfully divested its last portfolio company in Fund III.
Twin-Star, headquartered in Delray Beach, FL, is a manufacturer of electric fireplaces, electric stoves and heaters, and other home furnishings. Through a continuous focus on designing high quality, aesthetically pleasing products at an attractive consumer value proposition, Twin-Star has achieved a leading market position in the large and growing electric fireplace / heater category. Today, Twin-Star is a primary supplier of numerous products to leading retailers across a multitude of channels.
During Trivest’s ownership, Twin-Star’s sales and employee base more than doubled. In addition to organic growth, Twin-Star expanded through an accretive add-on acquisition and several strategic licensing agreements.
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 225 transactions, totaling in excess of $5.5 billion in value. For additional information, please visit www.trivest.com.