MGD Acquisition, LLC Acquires Griffo Distillery

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).

Genera Energy Inc. Acquires MxG Fiber LLC

July 12, 2022

Manufacturing

Genera Energy Inc. has acquired MxG Fiber LLC to incorporate MxG's Miscanthus crop expertise, R&D and molded-fiber product lines into Genera's sustainable packaging platform. The deal brings MxG's manufacturing know-how and facilities into Genera's vertically integrated operations and adds MxG CEO Matt Griswold to Genera's leadership team as Vice President for molded fiber product and market development.

MGP Ingredients (Luxco) Acquires Penelope Bourbon

May 8, 2023

Food & Beverage

MGP Ingredients, through its Luxco subsidiary, agreed to acquire 100% of Penelope Bourbon LLC for $105.0 million in cash at closing plus potential earn-outs of up to $110.8 million through 2025. The deal includes all intellectual property, bottled inventory and aging whiskey inventory, and is expected to close in June 2023; MGP will finance the purchase with its revolving credit facility and cash on hand to expand its premium American whiskey portfolio and broaden distribution.

MacLean-Fogg Acquires Mallard Manufacturing

May 8, 2024

Manufacturing

MacLean-Fogg Company, a family-owned manufacturing enterprise, has acquired Mallard Manufacturing, a provider of custom gravity-flow storage and conveyor solutions. Mallard will operate as a distinct platform within the MacLean-Fogg organization with its current leadership retained as MacLean-Fogg expands its manufacturing portfolio and capabilities in material-handling and warehouse solutions.

MGP Ingredients Acquires New Columbia Distillers (Green Hat Gin)

March 3, 2020

Food & Beverage

MGP Ingredients (Nasdaq: MGPI) has acquired New Columbia Distillers LLC, the Washington, D.C.-based producer of Green Hat Gin. MGP will retain the distillery and retail operations in D.C., integrate the brand into its portfolio and expand distribution while keeping the current management team in place.

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.