M&A Deal Summary

Caribe Juice Acquires WTRMLN WTR

On September 21, 2020, Caribe Juice acquired beverage company WTRMLN WTR from Strand Equity

Acquisition Highlights
  • This is Caribe Juice’s 1st transaction in the Beverages sector.
  • This is Caribe Juice’s 1st transaction in the United States.
  • This is Caribe Juice’s 1st transaction in Colorado.

M&A Deal Summary
Date 2020-09-21
Target WTRMLN WTR
Sector Beverages
Buyer(s) Caribe Juice
Sellers(s) Strand Equity
Deal Type Add-on Acquisition

Target

WTRMLN WTR

Denver, Colorado, United States
WTRMLN WTR is a producer of cold-pressed juiced watermelon, sourced straight from the fruit, each and every bottle contains just 3 simple ingredients – watermelon flesh, watermelon rind, and organic lemon. WTRMLN WTR was founded in 2013 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Caribe Juice

Alexandria, Virginia, United States
Category Company
Sector Beverages
DESCRIPTION

Caribe Juice produces fruit beverages. Caribe Juice is based in Alexandria, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Strand Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.

DEAL STATS #
Overall 6 of 16
Sector (Beverages) 2 of 5
Type (Add-on Acquisition) 5 of 10
State (Colorado) 1 of 1
Country (United States) 6 of 14
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Dos Toros

New York, New York, United States

Dos Toros is an operator of a chain of restaurants. Dos Toros San Francisco-style taqueria bringing Mission-style burritos and lightning-speed service to the East Coast and Midwest. Dos Toros was founded in 2009 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Studio McGee

Lehi, Utah, United States

Studio McGee is now a well-recognized leader in the design industry with an aesthetic and vast portfolio is featured in Architectural Digest, House Beautiful, Domino Magazine, Domaine Home, House & Home, and Elle Decor. Studio McGee was formed in 2014 and is based in Lehi, Utah.

Buy -
Mergr

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