Loud Beverage Group Acquires Surge Distribution Company, LLC

Waterlogic Acquires Beverage Express

July 30, 2021

Food & Beverage

Waterlogic (through its Americas arm) acquired Beverage Express Inc., a Indianapolis-based specialty consumable and point-of-use (POU) water and coffee delivery company founded by Joe Nahmias. The deal expands Waterlogic Americas' POU footprint in the Indianapolis market and adds density to its existing local operations.

Surge Private Equity Acquires Bar Partners, Merges It with Portfolio Company Amuze Products

April 26, 2022

Media & Entertainment

Surge Private Equity invested in Bar Partners, a vending and amusement operator for bars, nightclubs, theaters and other entertainment venues, and merged it with its existing portfolio company Amuze Products. The transaction, financed with debt from Woodforest National Bank and led legally by BakerHostetler, valued the deal at around $50 million and combines complementary product lines and customer footprints across all 50 U.S. states.

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.

Surge Private Equity Invests in Coastal Amusements

December 8, 2023

Manufacturing

Dallas-based Surge Private Equity closed a majority investment in Coastal Amusements, Inc., a Lakewood, New Jersey designer, manufacturer and importer of coin-operated ticket and prize redemption games. NorthCoast Mezzanine and Minnesota Bank & Trust provided financing for the transaction, with BakerHostetler and Moss Adams advising and CoView Capital acting as Coastal's advisor. Surge said the partnership will support product development, growth initiatives and continued management continuity (founders Sal and Lenny will remain with the company).

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).

Florida Food Products Acquires T-Bev, Inc. from Swander Pace Capital

May 2, 2022

Food & Beverage

Florida Food Products (FFP) has acquired T-Bev, Inc., a manufacturer and distributor of tea extracts, natural and organic caffeine and botanical extracts, from Swander Pace Capital. The deal expands FFP's ingredient platform into nutraceutical and functional-beverage ingredients and strengthens its presence in value-added natural tea products.