M&A Deal Summary

Twin-Star International Acquires Classic Accessories

On June 21, 2021, Twin-Star International acquired consumer products company Classic Accessories from CID Capital and Northstar Capital

Acquisition Highlights
  • This is Twin-Star International’s 2nd transaction in the Consumer Products sector.
  • This is Twin-Star International’s 3rd transaction in the United States.
  • This is Twin-Star International’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-06-21
Target Classic Accessories
Sector Consumer Products
Buyer(s) Twin-Star International
Sellers(s) CID Capital
Northstar Capital
Deal Type Add-on Acquisition

Target

Classic Accessories

Kent, Washington, United States
Classic Accessories is a designer and distributor of outdoor product covers. Classic Accessories' products protect and cover consumers' outdoor gear, including cars, RVs, motorcycles, patio furniture, grills, boats, snowmobiles, power equipment, generators, ATVs, UTVs, and golf carts. Classic Accessories was founded in 1983 and is based in Kent, Washington.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Twin-Star International

Delray Beach, Florida, United States
Category Company
Founded 1996
Sector Electrical Equipment
DESCRIPTION

Twin-Star International, Inc. is a designer and marketer of decorative electric fireplaces and bathroom vanities. Through a continuous focus on designing high quality, aesthetically pleasing products, Twin-Star has achieved leading market positions in the large and growing electric fireplace category and is the primary supplier of the category to leading retailers across various channels.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 TK Classics

West Sacramento, California, United States

TK Classics is a manufacturer and distributor that specialize in custom patio furniture at discount prices to furnish any space for any season. TK Classics is based in West Sacramento, California.

Buy -

Seller(S) 2

SELLER

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 21 of 25
Sector (Consumer Products) 4 of 4
Type (Add-on Acquisition) 10 of 11
State (Washington) 1 of 1
Country (United States) 21 of 25
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Team Drive-Away

Olathe, Kansas, United States

Team Drive-Away, Inc. is a non-asset-based commercial vehicle logistics provider specializing in matching professional drivers with moves of used and new heavy-haul Class 8 trucks for sellers and buyers as well as moves to reposition and optimize fleets. Team Drive-Away was founded in 2007 and is based in Olathe, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Seaga

Freeport, Illinois, United States

Seaga is a manufacturer of Food & Beverage, Industrial, and Water vending solutions. Seaga pairs its high-quality, customized solutions with a rapid prototyping and turnaround process to meet each customer's delivery demands. Seaga was founded in 1987 and is based in Freeport, Illinois.

Sell -
SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 60 of 80
Sector (Consumer Products) 4 of 8
Type (Add-on Acquisition) 20 of 27
State (Washington) 2 of 2
Country (United States) 58 of 76
Year (2021) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 KDV Label

Waukesha, Wisconsin, United States

KDV Label provides a wide range of flexographic label solutions, including UV flexographic, multi-layer constructions, IRC’s and foil labels. KDV Label was established in 1974 and is based in Waukesha, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Vetio Animal Health

St. Louis, Missouri, United States

Vetio Animal Health is a contract manufacturer of proprietary chemical-based products and solutions. Vetio Animal Health was founded in 1989 and is based in St. Louis, Missouri.

Sell -
Mergr

Product

Company

Legal