Flexis Capital-Led Consortium Acquires Waterloo Sparkling Water

Trinity Investors Recapitalizes Waterloo Sparkling Water

April 29, 2023

Food & Beverage

Trinity Investors invested $34.5 million in Waterloo Sparkling Water, an Austin-based flavored sparkling water consumer packaged goods brand, in a recapitalization to fund the company's growth. Waterloo, founded in 2017, has posted strong revenue growth and is noted for its in-house flavor development and category-leading sales velocity.

Carlsberg Group Acquires Waterloo Brewing

March 7, 2023

Food & Beverage

The Carlsberg Group completed its acquisition of Waterloo Brewing Ltd., finalised on March 7, 2023, following shareholder approval. The all-cash transaction (C$144 million) brings Waterloo's Kitchener brewing and RTD production capabilities into Carlsberg's portfolio to accelerate growth in the Canadian market and produce some Carlsberg brands locally.

Platinum Equity Acquires Lonza's Water Care Business

February 28, 2019

Manufacturing

Platinum Equity completed the acquisition of Lonza's water care business in a transaction valued at approximately $630 million. Headquartered in Alpharetta, Georgia, the business operates six production facilities across North America, South America and EMEA and supplies consumer pool-care brands and industrial/municipal water treatment solutions; Platinum Equity will operate it as a standalone platform and will announce a new corporate identity.

Waterlogic Americas Acquires Q water

November 16, 2021

Manufacturing

Waterlogic Americas has acquired Q water, a Toronto-based provider of premium filtered still and sparkling water systems, expanding Waterlogic’s specialty water product offering and customer footprint across North America. The deal adds Q water’s high-end restaurant and commercial customers to Waterlogic’s portfolio as part of the company’s broader Americas growth-through-acquisition strategy.

Champlain Financial Corporation and GefCo Acquire Naya Waters from L Catterton Partners

March 22, 2021

Food & Beverage

Champlain Financial Corporation and GefCo have acquired Naya Waters from L Catterton, returning the 35-year Quebec spring-water business to 100% Quebec ownership. The Mirabel-based company, which employs more than 80 people at its facility, will be positioned to accelerate product and packaging development and expand distribution across Canada.

One Rock Capital Partners and Metropoulos & Co. Acquire Nestlé Waters North America

March 31, 2021

Food & Beverage

One Rock Capital Partners, in partnership with Metropoulos & Co., completed the acquisition of Nestlé Waters North America from Nestlé S.A. The deal transfers NWNA — the Stamford-based bottled water business that includes brands like Poland Spring and the ReadyRefresh delivery service and ~7,200 employees — to new private ownership to operate as an independent company focused on growth and operational improvement.