John Paul DeJoria Acquires Waterloo Gin from Treaty Oak Distilling

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.

Carlsberg Group Acquires Waterloo Brewing

March 7, 2023

Food & Beverage

The Carlsberg Group completed its acquisition of Waterloo Brewing Ltd., finalised on March 7, 2023, following shareholder approval. The all-cash transaction (C$144 million) brings Waterloo's Kitchener brewing and RTD production capabilities into Carlsberg's portfolio to accelerate growth in the Canadian market and produce some Carlsberg brands locally.

Flexis Capital-Led Consortium Acquires Waterloo Sparkling Water

August 19, 2020

Food & Beverage

A Flexis Capital-led investor consortium including Eurazeo Brands, Moore Strategic Ventures, JW Levin Management Partners and Waterloo Capital's investors has acquired Waterloo Sparkling Water. The investors said the recapitalization will provide capital and brand-building expertise to accelerate Waterloo's product, marketing and distribution growth while existing management (CEO Jason Shiver and COO Jeff Arnold) remain in place.

Treaty Oak Equity Recapitalizes DJ's Boudain

April 19, 2022

Food & Beverage

Treaty Oak Equity LLC acquired and recapitalized DJ's Boudain, LLC in a transaction that closed March 31, 2022. Treaty Oak (via a newly formed affiliate) completed the purchase from the company/founding ownership to provide liquidity and support future growth for the Beaumont, Texas specialty Cajun food manufacturer.

Heritage Distilling Company Acquires Thinking Tree Spirits

February 16, 2024

Food & Beverage

Heritage Distilling Company has acquired Thinking Tree Spirits, buying 100% of the distillery's assets and brands. The deal combines production and retail tasting-room operations in Eugene, Oregon and Tumwater, Washington to create greater scale, a larger tasting-room experience and expanded distribution across the Pacific Northwest and beyond.

Newport Craft Distilling Acquires KEEL Vodka

June 12, 2024

Food & Beverage

Newport Craft Distilling has acquired KEEL Vodka, bringing the premium light spirit into Newport Craft's portfolio alongside brands such as White Squall Vodka & Gin and Thomas Tew Rums. The deal will return KEEL production to Rhode Island, expand Newport Craft's vodka offerings, and support local manufacturing and job creation.