57.4 F
Laguna Hills
Monday, May 20, 2024
-Advertisement-

Smoothie Products Maker Sold

Fullerton-based Dr. Smoothie Brands has been acquired on undisclosed terms by Bevolution Group in Chicago.

Dr. Smoothie Brands is a maker of beverage powders and smoothie products. Bevolution Group makes frozen cocktail mixes, sports drinks and enhanced waters.

Bevolution Group is a portfolio company of private equity firm Highlander Partners L.P. in Dallas, which invests in and lends to firms with sales from $10 million to $500 million; it typically invests $10 million to $75 million per transaction.

This is Bevolution Group’s third acquisition in 16 months, said Alex Guiva, chairman of Bevolution and partner at Highlander, in a statement.

In November it bought Tropics Mixology a maker of cocktail mixes to 3,500 restaurant and hospitality customers in 22 countries.

Bevolution was formed when Highlander Partners bought and integrated beverage makers Juice Tyme and Lemon-X in March 2015.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-