Virgo Investment Group Invests in Flow Alkaline Spring Water

Rucker Investments Affiliate Takes Flow Water Inc. Private

October 6, 2025

Food & Beverage

An affiliate of Rucker Investments subscribed for new shares of Flow Water Inc. under an Ontario Superior Court-approved reverse vesting order, becoming the company's sole shareholder and taking the business private. Flow, headquartered in Toronto, will continue operations under its Flow brand with a deleveraged balance sheet, access to working capital, and Paul Dowdall appointed as President.

RG One Corp. Completes Business Combination with Flow Water to Form Flow Beverage Corp.

June 30, 2021

Food & Beverage

RG One Corp. and RG One Subco Inc. completed a three‑cornered amalgamation with Flow Water Inc., creating Flow Beverage Corp. The combined company received conditional approval to list on the Toronto Stock Exchange and released C$68.9 million of subscription receipt proceeds from escrow to support growth and a public listing.

Virgo Investment Group Invests $20M in Apricus Health

January 19, 2021

Healthcare Services

Virgo Investment Group provided a $20 million growth capital investment in Apricus Health to help the physician-founded company scale its value-based primary and specialty care model across Arizona and beyond. The funding will support expansion of Apricus Health's network — which includes over 590 practitioners across 220 locations — accelerate telehealth, remote monitoring and care navigation services, and enable broader participation in CMS Direct Contracting programs.

Gryphon Investors Acquires Majority Stake in Spindrift Beverage Co.

January 14, 2025

Food & Beverage

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).

Krystal Growth Partners Acquires Majority Stake in Storm Guard Water Treatment

March 22, 2019

Environmental Services

Krystal Growth Partners has acquired a majority interest in Storm Guard Water Treatment Inc., a Richmond, British Columbia–based provider of dewatering, water extraction and water treatment services for construction sites. The investment, made in partnership with founder Cliff Oleksiew and executed through an SG Acquisition limited partnership, will support Storm Guard's next phase of growth and capability expansion.

Purgo Holdings Acquires VSI, LLC and VSI Waterworks, LLC

October 17, 2024

Manufacturing

Purgo Holdings, a portfolio company of Wincove Private Holdings, has acquired VSI, LLC and VSI Waterworks, an Alpharetta, Georgia-based manufacturer of manual and automated valves serving commercial, industrial, and municipal markets. The deal expands PURGO's water portfolio and product offering into flow control components and is the platform's fifth acquisition since formation.