Consumer Products Acquisitions in Florida

Zinzino AB (publ.) has merged U.S.-based direct sales company It Works! into its group in an all-share transaction, acquiring operational assets of It Works!' U.S. business and 100% of the shares in It Works! Marketing International UC. The fixed purchase price was USD 30 million paid by issuance of Zinzino B-shares, with up to an estimated additional USD 4 million payable in shares based on future sales; Zinzino expects the combination to add more than USD 60 million of revenue in 2026.

Rawlings Sporting Goods has acquired Tanner Tees, a Sarasota-based maker of premium batting tees founded by Joe Tanner. The acquisition expands Rawlings' product portfolio into diamond sports training equipment and brings Tanner Tees' industry-standard batting tees to Rawlings' global distribution channels.

MarcyPen Capital Partners, together with Brand Velocity Group, acquired a majority stake in The GLD Shop from H.I.G. Growth Partners, with H.I.G. retaining a minority interest to support ongoing growth. The deal positions GLD to accelerate brand and marketing efforts under new ownership while continuing to leverage H.I.G.'s prior investment and operational improvements.

Growve, a St. Petersburg-based health and wellness company specializing in vitamins, supplements and active nutrition, has secured a majority equity investment led by Palm Beach Capital with participation from G-Bar Ventures and NMP Capital. The transaction also includes new debt financing from TCW Private Credit and NMP Capital to support Growve's growth, manufacturing and multi-channel expansion.

D.K. Smith & Co., the middle-market private equity division of DKS Capital Partners, has completed a control acquisition of PLANET by Lauren G, a luxury fashion designer, manufacturer and retailer based in Sunrise, Florida. Founder Lauren Grossman will remain as CEO and Chief Design Officer and join the board; D.K. Smith & Co. intends to expand PLANET's digital footprint and pursue strategic growth opportunities. Terms were not disclosed.

An affiliate of Piping Rock Health Products, LLC completed the acquisition of The Clorox Company’s Better Health Vitamins, Minerals and Supplements (VMS) business. The divested assets include the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, related trademarks and licenses, and manufacturing and distribution facilities in Sunrise, Florida; Clorox said the sale is part of portfolio optimization to reduce volatility and improve margins.

Japan Tobacco Inc. (JT Group) acquired Vector Group Ltd. through a cash tender offer at $15.00 per share, representing approximately $2.4 billion of equity value. The transaction, effected by tender offer and a statutory merger (Vapor Merger Sub Inc.), makes Vector Group a wholly owned subsidiary of JT and expands JT’s presence and distribution network in the U.S. combustibles market.

Fifty 1 Labs, Inc. (OTC: CAFI) has acquired Drago Knives, LLC, a Florida-based maker of patent-pending throwing knives founded by Dragan Zivotic. The deal expands Fifty 1 Labs’ product portfolio into sports and outdoor equipment and aims to scale Drago Knives’ distribution through the acquirer’s resources and channels.

Ashley Home, an affiliate of Ashley Global Retail, has acquired Resident Home, the owner of mattress brands including Nectar, DreamCloud, Awara and Siena. The Resident co-founders Eric Hutchinson and Ran Reske will remain in their roles; the deal is intended to expand Ashley's presence in the mattress sector and broaden Resident's home furnishings assortment and global footprint.

Indianapolis-based private equity firm CID Capital has acquired Kind Water Systems, a Daytona Beach-based provider of whole-home water filtration and water softening systems. CID plans to grow Kind Water as a platform investment from its CID Capital Opportunity Fund III and has installed Tony Friesl as CEO to lead expansion initiatives.

The Legacy Companies has acquired the electric countertop appliance product line and the non-electric kitchen smallwares and utensils product line of Team International Group of America, Inc. d/b/a Kalorik in an asset purchase. The acquisition broadens Legacy’s portfolio in the countertop appliance market, adding Kalorik’s touchscreen-enabled appliances and providing cross-selling and account-expansion opportunities; terms were not disclosed.

Rapala VMC Corporation purchased the remaining 40% stake in DQC International, the owner of the 13 Fishing rod and reel brand, from James Coble, bringing the brand fully into Rapala's ownership. Rapala said it will consolidate 13 Fishing into Rapala USA to strengthen its position in the U.S. rod and reel market and leverage its global manufacturing, purchasing and distribution capabilities.

VPR Brands LP acquired the assets of CARTDUB, including its trademark, patent-pending technology, and website, to incorporate CARTDUB's oil-recovery tools into VPR’s portfolio of vaping and cannabis accessories. The acquisition is intended to expand VPR Brands' product capabilities and bring CARTDUB's U.S.-made recovery tools to a wider market; CARTDUB was founded in 2021 by Cliff Thomason, who is named as the inventor and seller.

Garmin Ltd. has entered into a definitive agreement to acquire JL Audio, a U.S.-based designer and manufacturer of premium audio solutions. The acquisition (expected to close by end of 2023) will add JL Audio's audio engineering and product capabilities to Garmin's portfolio to enable premium audio integration across Garmin's marine, automotive, powersports, home and RV product lines.

Essex Partners, an independent sponsor affiliate of Essex Capital Group, formed SkinGenuity, LLC to acquire the SkinGenuity line of skincare products from SkinGen, USA. The product line uses bio‑engineered growth factors and DNA repair enzymes for vaginal regeneration, hair rejuvenation and other skincare applications; Essex intends to commercialize and expand distribution domestically and internationally.

Gauge Capital has partnered with the founders and management team of RIP-IT in a recapitalization to support the athletic equipment and footwear brand's next phase of growth. The investment will help RIP-IT expand marketing reach and continue developing female-focused sports products across its RIP-IT, Ringor, and Defender brands.

Antelope, the consumer pet platform backed by Alpine Investors, has acquired Ark Naturals, a U.S.-based natural pet health and wellness brand. Ark Naturals will continue to operate under its brand with Michael Stoeckle remaining CEO; the deal was an add-on to Antelope's portfolio (Antelope is Alpine's pet platform) and Azalea Capital was the seller.

Avista Capital Partners completed the acquisition of WellSpring Consumer Healthcare from Audax Private Equity. WellSpring, founded in 1999 and headquartered in Sarasota, Florida, is a developer and marketer of over-the-counter and personal care brands (including Bactine, Bonine, Emetrol and Glaxal Base); Avista plans to support growth through product innovation, distribution expansion and strategic acquisitions.

OneWater Marine Inc. completed the acquisition of Ocean Bio-Chem, Inc., a manufacturer and distributor of appearance, cleaning, and maintenance products sold under brands such as Star brite. The deal strengthens OneWater's parts and accessories business and supports its strategy to expand market share and diversify revenue streams in the marine parts and accessories market.

The CALIDA GROUP has acquired American premium lingerie and loungewear brand Cosabella, purchasing 100% of the company for a total package of USD 80 million including earn-out. The deal strengthens CALIDA's core underwear portfolio, provides a US hub for launching its CALIDA and AUBADE brands, and leverages Cosabella's strong DTC/e-commerce business (online share >50%) and ~50 employees to drive growth in the US and Europe.

Aqua-Leisure Recreation, a Blackford Capital-backed platform, has acquired Longwood, Florida-based INYO Pool Products as its second add-on since Blackford’s investment. The deal expands Aqua-Leisure’s direct-to-consumer pool repair and maintenance product lineup, enhances omni-channel distribution and cross-selling opportunities, and keeps INYO’s leadership in place while leveraging Aqua-Leisure’s sourcing and operational capabilities.

Flora Growth Corp. acquired 100% of the equity interests in Just Brands LLC and High Roller Private Label LLC (owners of the JustCBD brand) for $16.0 million in cash plus 9.5 million Flora common shares. The acquisition adds a Fort Lauderdale manufacturing and distribution operation, a DTC business with ~300,000 customers and wholesale placement in over 14,000 stores, and is intended to accelerate Flora's U.S. CPG growth and distribution synergies.

Kent Outdoors, the Seawall Capital-backed outdoor platform (formerly Kent Watersports), acquired BOTE from Prairie Capital VI as an add-on to expand its portfolio of outdoor consumer brands. The deal, announced alongside Kent's rebrand and the acquisition of Kona Bicycles, follows Prairie Capital's multi-year partnership that helped BOTE grow significantly during its hold period.

Corona Industrial, the Colombian manufacturer behind the Vajillas Corona tableware brand, acquired Florida-based Blackwood Industries to expand and strengthen its tableware distribution network to foodservice customers in the United States. The deal brings Blackwood’s ~20 years of foodservice distribution experience into Corona’s US expansion strategy to better serve restaurants, hotels and other institutional customers.

Mister Car Wash, Inc. acquired Clean Streak Ventures LLC — an Orlando-headquartered express car wash platform operating under the Clean Machine and Top Dog Express brands — from MKH Capital Partners for $390 million. The deal adds 23 operating and 10 development locations (33 total) to Mister's Florida footprint and expands its recurring subscription member base in the state.

Build A Head, LLC acquired the assets of Gift Wrap My Face on October 8, 2021; the Floridian title was transferred in equal parts to partners James Green, Chad Turner and Tyler Turner. Gift Wrap My Face makes customized "selfie" and "smart" wrapping paper and will join Build A Head's portfolio of personalized-product brands focused on celebratory and novelty items.

Sugarbear Vitamin Care, a Fort Lauderdale-based vegan beauty and wellness brand known for its gummy hair vitamins, received a strategic growth investment from an investor group led by Nexus Capital Management LP and Meaningful Partners LLC. The capital will support product-line expansion (beyond gummies) and accelerate domestic and international growth while the investors bring operational and consumer-focused experience to scale the business.

West Lane Capital Partners, in partnership with J.P. Morgan Asset Management's Private Equity Group, has acquired a majority interest in International Hair and Beauty Systems LLC d/b/a Simply Organic Beauty in a majority recapitalization. Founder Scott Mitchell remains a significant shareholder and will continue as CEO; the investment will support Simply Organic's growth and expansion of its professional-focused organic beauty platform and P2C referral network.

WM Partners, via its HPH II fund, completed a majority recapitalization investment in Raw Sugar, LLC and entered into a partnership with founders Ronnie Shugar and Donda Mullis; terms were not disclosed. Balance Point Capital provided debt financing to support WM Partners' majority recapitalization. Raw Sugar is a Sarasota, Florida–based natural personal care brand founded in 2014.

Health & Happiness (H&H) Group International Holdings Ltd. has entered into an agreement to acquire Zesty Paws, the leading U.S. multi-condition pet supplement brand. The full (100%) acquisition will expand H&H's portfolio by creating a Pet Nutrition & Care division and allow Zesty Paws to leverage H&H's global resources while operating independently.

Palm Beach Capital has made a minority growth equity investment in Growve, a St. Petersburg, Florida-based brand aggregator and operator of natural wellness, body care, supplement and consumer product brands. The capital and strategic partnership will support Growve’s organic growth and M&A strategy to scale its portfolio; financial terms were not disclosed.

Nexus Capital Management LP completed a strategic growth investment in Sky Organics, a family-owned natural and certified organic personal care brand. Nexus said it will increase marketing investments and support the company's growth and distribution expansion for its clean-beauty product lines.

PureK Holdings Corp. has closed its acquisition of all outstanding membership interests of Nirvana Group, LLC, the Florida-based owner/developer of the BudaPets all‑natural CBD pet wellness brand. PureK issued USD $1.5 million in unsecured convertible debentures as consideration and structured earn-outs (up to USD $1.5 million payable in common shares) tied to 2021–2022 sales milestones; the deal strengthens PureK's pet care product portfolio alongside its PureKana and No B.S. brands.

Trivest Partners (via Trivest Growth Investment Fund II) completed a growth capital investment in REDCON1 to support the sports nutrition brand's product innovation and expanded distribution worldwide. REDCON1, headquartered in Boca Raton, Florida, sells supplements and apparel direct-to-consumer and through major retailers and military exchanges.

Spectrum Brands Holdings, Inc. agreed to acquire For Life Products, LLC (the Rejuvenate brand) for approximately $300 million, subject to customary adjustments. The purchase gives Spectrum an immediate leadership position in the household cleaning, maintenance and restoration category, enabling supply-chain, manufacturing and revenue synergies; the transaction was expected to close in the first half of 2021.

St. Louis-based Manna Pro Products has acquired Doggie Dailies, a family-owned online brand of premium dog supplements and wellness products. The acquisition, by Manna Pro (which is PE-backed by Morgan Stanley Capital Partners), expands the company’s companion-pet portfolio and strengthens its e-commerce presence in pet wellness.

Swabbies Tech, Inc., a Florida-based maker of Swabbies diaper cream applicators, has acquired Better Family, Inc., the Florida company that owns the patents for The Beebo, a one-handed baby bottle holder featured on Shark Tank. The acquisition brings founders Martin and Sarah Hill onto the Swabbies Tech board and aims to cross-brand and expand retail distribution across the U.S. and Canada.

H&C Animal Health has acquired Angels' Eyes, a leading brand of tear-stain remedies for pets, in a strategic move to expand its animal eye care product portfolio. The acquisition, announced at Global Pet Expo in Orlando, will keep Angels' Eyes employees in their Fort Lauderdale office while H&C integrates the brand into its retail and marketing channels to drive growth.

Safilo Group has acquired a 61.34% equity interest in Miami-based Privé Revaux (Prive Goods, LLC) for USD 67.5 million, in a simultaneous signing and closing. The deal sees private equity firm TSG Consumer Partners exit its stake; founder David Schottenstein retains ~15.5% and Privé Revaux will continue to operate from its Miami headquarters as Safilo aims to expand its brand portfolio, direct-to-consumer capabilities and global reach.

Bookend Capital Partners has made a $50 million minority growth investment in Luxury Brand Partners (LBP), the brand incubator behind R+Co, IGK, Becca and others. The capital will support LBP's expansion plans and new brand launches while Bookend's founder Alexander Panos joins LBP's board.

Better Choice Company, Inc. (BTTR) has completed its acquisition of Halo, Purely for Pets, adding the 30-year premium holistic pet food brand to its animal health and wellness portfolio. The Company also closed $28 million of senior secured financing as part of the transaction; total consideration for Halo was approximately $46.9 million (cash, junior notes and equity), and Halo’s CEO Werner von Pein and CSO Rob Sauermann will remain to run the business.

Exactus, Inc. has acquired LeVor Collection, a South Florida-based luxury cosmetics brand focused on CBD-infused skincare and beauty products. The acquisition expands Exactus's brand portfolio and provides a direct distribution channel into the cosmetics/personal-care market through an all-virtual, e-commerce-ready brand produced in cGMP facilities.

Canavation Product Group, a newly formed Delaware company led by Bill Barlow, has acquired the consumer products division of Teewinot Life Sciences. The deal includes a Teewinot-issued patent covering conversion of hemp-derived CBD into rare cannabinoids (including Δ8THC and Δ9THC) and a strategic supply agreement giving Canavation access to select rare cannabinoids produced via Teewinot's CannSynthesis platform; terms were not disclosed.

An entity affiliated with Centre Lane Partners completed the acquisition of certain assets of Hollander Sleep Products, LLC out of Chapter 11 and recapitalized the business. Hollander, headquartered in Boca Raton, Florida, is a leading North American designer and manufacturer of pillows, comforters, mattress pads and other bedding products and will operate as a revitalized platform under Centre Lane's ownership.

McCarthy Capital has made a substantial minority growth investment in Corkcicle to help accelerate the consumer brand’s expansion of product lines, distribution channels and market presence. Corkcicle’s founding management retains majority ownership while the partnership will support talent hiring, infrastructure and brand strategy to sustain its rapid growth.

Gen Cap America has sold Avanti Products, LLC to The Legacy Companies; terms were not disclosed. Avanti is a designer and distributor of compact consumer appliances, and the acquisition expands The Legacy Companies' portfolio of appliance and foodservice brands following Gen Cap's ownership since 2012.

Swiss consumer goods company The Hero Group has sold its U.S. decoration business, Signature Brands, to investors Traub Capital. The divestment allows Hero to focus on core categories such as baby food and healthy snacks; financial terms were not disclosed.