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
Explore More
Related Acquisitions
-
Keurig Dr Pepper Acquires Majority Stake in GHOST for $1.65B
October 24, 2024
Food & Beverage
Keurig Dr Pepper (KDP) agreed to acquire a 60% stake in GHOST (GHOST Lifestyle LLC and GHOST Beverages LLC) for roughly $990 million, with plans to purchase the remaining 40% by 2028 for a total transaction value of $1.65 billion. The founders will remain in leadership, and KDP expects to integrate GHOST into its U.S. refreshment beverages segment and leverage its distribution network to scale the energy drink and sports nutrition brand.
-
Southern Glazer's Wine & Spirits Acquires Horizon Beverage Group
July 25, 2024
Logistics & Distribution
Southern Glazer's Wine & Spirits has agreed to acquire Horizon Beverage Group, Inc., adding Horizon's Massachusetts and Rhode Island operations, portfolio, warehouse capacity and delivery fleet to Southern Glazer's U.S. footprint. The transaction expands Southern Glazer's presence into the two states and will keep Horizon's current leadership and family owners involved through the transition.
-
Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group
June 13, 2023
Food & Beverage
Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.
-
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.
-
Gryphon Investors Acquires Vessco Holdings from O2 Investment Partners
November 16, 2020
Industrial Services
Gryphon Investors, a San Francisco-based middle-market private equity firm, has acquired Vessco Holdings, a Minneapolis-based value-added distributor and systems integrator for water and wastewater treatment, from O2 Investment Partners. Vessco's management will remain significant owners and the company will pursue organic growth and add-on acquisitions to expand its product offerings and geographic reach.
-
Cold Spring Brewing Company Acquires Carolina Beverage Group, LLC
May 16, 2018
Food & Beverage
Cold Spring Brewing Company, a Brynwood Partners portfolio company, has acquired 100% of the stock of Carolina Beverage Group, LLC from SunTx Capital Partners and other selling shareholders. The combined business, to be named Carolina Beverage Group and headquartered in the Charlotte, North Carolina area, creates one of the largest independently owned contract manufacturers in the beverage sector and expands Brynwood's manufacturing footprint and capabilities.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.