Frazil Acquires Trident Beverage

Frazil Acquires Alligator Ice

September 19, 2025

Food & Beverage

Frazil, the leading U.S. slush brand, has acquired Alligator Ice, a family-owned frozen beverage company with a footprint in over 10,000 convenience store locations. The acquisition expands Frazil's presence and capabilities across convenience stores, QSRs/LSRs, and other retail channels and pairs Alligator Ice's retail strength with Frazil's scale and innovation.

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).

BRIX Holdings Acquires Clean Juice

April 26, 2024

Restaurants & Hospitality

BRIX Holdings, a Dallas-based multi-brand franchising company, has acquired all assets of Clean Juice, the USDA-certified organic juice bar franchise founded by Landon and Kat Eckles. The deal brings more than 75 existing Clean Juice locations (plus 10+ in development) into BRIX’s portfolio, expanding the company's national footprint of brands to over 300 locations.

Mars Acquires Trü Frü

December 19, 2022

Food & Beverage

Mars, Incorporated has signed an agreement to acquire Trü Frü, a better-for-you whole-fruit snacking brand, from its founders and management team. Trü Frü, headquartered in West Valley City, Utah with approximately 50 employees, will operate as a separate business within Mars to preserve its brand and will be led by current CEO Brian Neville; the transaction is expected to close in Q1 2023.

Caribé Juice Acquires WTRMLN WTR

September 18, 2020

Food & Beverage

Caribé Juice has acquired WTRMLN WTR, the cold-pressed watermelon juice brand founded in 2013. The acquisition brings WTRMLN WTR's mission-driven product portfolio into Caribé Juice's farm-to-bottle platform to expand capabilities, distribution and social-impact sourcing.

Ronnoco Beverage Solutions Acquires Trident Beverage

February 10, 2020

Food & Beverage

Ronnoco Beverage Solutions, the Huron Capital-backed beverage platform, has acquired Houston-based Trident Beverage, a provider of dispensed beverages and dispensing equipment for K-12, convenience and foodservice channels. The deal—Ronnoco's ninth add-on under Huron Capital's ExecFactor strategy—keeps founders John and Patrick Walker with an ownership stake and aims to expand Ronnoco's frozen/cold beverage offerings and geographic/service footprint.