Consumer Products Acquisitions in Arizona

Eternum LLC has acquired the travel supplement brand Renewal Kit for Travelers and launched a reformulated product called Goal Time, a science-backed travel resilience supplement developed with clinical nutritionist Dr. Patti Milligan. The acquisition brings the Renewal Kit formulation into Eternum’s performance-wellness portfolio to expand its product offerings targeting frequent travelers, entrepreneurs, and high-performers.

Victor Capital Partners, alongside New Value Capital, has made a strategic investment in Owl Outdoor, a Mesa, Arizona-based designer, manufacturer, distributor, and installer of exterior parts and accessories for adventure vans and overlanding vehicles. The investment will support Owl's growth and expansion plans; CEO John Willenborg and COO Jeff Bader will remain in leadership and join the company board.

University Games, a San Francisco–based game and puzzle publisher, has acquired The Learning Journey International, an award-winning maker of educational, sensory, electronic, and construction toys based in Phoenix, Arizona. The Learning Journey's founders JB and Debbie Frere will remain in management; University Games said the deal expands its educational product portfolio and retail distribution worldwide.

Miami-based private equity firm AOI Capital has acquired SweetSpot Labs, a Scottsdale-founded intimate skincare brand known for clinically-tested, gynecologist-recommended products. AOI plans to leverage its vertically integrated manufacturing, e-commerce and 3PL capabilities to expand SweetSpot's product line, retail distribution and move into new categories including doctor-formulated prescription products and OTC supplements.

W. C. Bradley Co., a family-owned diversified holding company, acquired Dansons US LLC and its subsidiaries on June 7, 2023. The purchase adds well-known outdoor and grilling brands (including Pit Boss and Louisiana Grills) and related consumer products to W. C. Bradley's portfolio to expand its outdoor cooking and consumer goods capabilities.

Altria Group, Inc. has completed its acquisition of NJOY Holdings, Inc., adding the FDA-authorized NJOY ACE e-vapor product to its smoke-free portfolio. The transaction involved approximately $2.75 billion in cash funding (financed via a $2.0 billion term loan, commercial paper and available cash) and includes up to $500 million in contingent payments tied to regulatory outcomes. Altria said NJOY will be marketed by NJOY, LLC (a wholly owned subsidiary) and that NJOY results will be reported within its "All Other" category; the company updated 2023 adjusted diluted EPS guidance to reflect investments behind commercialization of ACE.

Camp Lake Capital and GKS Capital completed a recapitalization of LaserGifts on December 28, 2022, partnering alongside founder and CEO David Mudrick. The transaction provides liquidity and capital to support organic and inorganic growth initiatives for the Prescott, Arizona–based personalized-souvenir supplier.

L'Oréal has signed an agreement to acquire Skinbetter Science, a physician-dispensed U.S. skincare brand known for dermatology-backed, clinical formulations. Skinbetter Science—headquartered in Phoenix, Arizona and reporting nearly $95 million in trailing‑12‑month sales to August 31, 2022—will be integrated into L'Oréal USA's Active Cosmetics Division while its leadership team remains in place.

Creative Brands of Phoenix, AZ acquired Pomchies LLC, a Scottsdale-based maker of hair accessories and novelty products founded by Heather Clark. The acquisition brings Pomchies into Creative Brands' distribution and manufacturing platform to expand marketing, field sales, telemarketing and e-commerce reach across retail channels.

Curaleaf Holdings, Inc. agreed to acquire Bloom Dispensaries, a vertically integrated single-state cannabis operator in Arizona, in an all-cash transaction valued at approximately US$211 million. The deal adds four retail dispensaries (Phoenix, Tucson, Peoria, Sedona) plus ~63,500 sq. ft. of adjacent cultivation and processing space in north Phoenix; Curaleaf will pay $51 million cash at close and the remainder via three promissory notes, and Bloom generated estimated 2021 revenue of ~$66 million with EBITDA margins above 40%.

SNOW, the DTC teeth-whitening brand, has acquired natural oral care brand Klēn Products. Founder Dr. Brian Harris joins SNOW's advisory board as the company expands and elevates its oral care product portfolio with Klēn's natural formulations.

GSM Outdoors, a portfolio company of Gridiron Capital, has acquired Gary Yamamoto Custom Baits, the maker of the iconic "Senko" soft-plastic fishing bait. The deal marks GSM Outdoors' entry into the fishing category as an add-on to expand its outdoor products portfolio and leverage GSM's marketing and product-development capabilities to grow the brand.

Kinderhook Industries completed a recapitalization of Coleman Powersports in partnership with the company's management team. The transaction will support Coleman's growth and distribution expansion while founder and CEO Rich Godfrey remains in place; financing was provided by Twin Brook Capital Partners.

Golden Triangle Ventures, Inc. (GTVH) announced the full acquisition of Sonder Fulfillment, LLC, a hemp/CBD product manufacturer and white-label fulfillment provider. The acquisition brings Sonder’s formulation, supply-chain relationships and manufacturing capabilities into GTV’s health division to expand product offerings, distribution and international reach.

Bertram Capital has made a growth investment in Phoenix-based Lectric eBikes, a fast-growing direct-to-consumer electric bicycle designer and retailer. Terms were not disclosed; Bertram said it will partner with founders Levi Conlow and Robby Deziel and deploy its ecommerce and digital marketing capabilities to support Lectric's growth.

Japonesque, a Topspin Consumer Partners portfolio company, has made an investment in MakeUp Eraser, a developer and marketer of sustainable makeup-removal products. The deal will combine MakeUp Eraser's emerging brand with Japonesque's beauty implement expertise to expand the brand's U.S. and international distribution.

Quest Products, a Promus Equity Partners portfolio company, has acquired Summit Pharmaceuticals / Alliance Labs, including the Enemeez and DocuSol brands. The deal expands Quest's self-care and OTC product portfolio and aims to grow both the medical and retail businesses domestically and internationally; financial terms were not disclosed.