Gryphon Investors Acquires Majority Stake in Spindrift Beverage Co.
January 14, 2025
Gryphon Investors will acquire a majority stake in Spindrift Beverage Co., a Newton, Massachusetts-based maker of sparkling water and other fruit-based beverages, with founder Bill Creelman and the management team retaining a significant equity stake. The investment coincides with the appointment of Dave Burwick as CEO and is intended to provide financial and operational resources to accelerate the brand's growth; the deal is expected to close in Q1 2025 (terms not disclosed).
- Buyers
- Gryphon Investors
- Targets
- Spindrift Beverage Co.
- Industry
- Food & Beverage
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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