Spindrift Agrees Sale to PE Firm Gryphon Investors
Spindrift Beverage Company has reached an agreement for San Francisco-based private investment group Gryphon Investors to acquire a majority stake in the sparkling water brand, and is tapping experienced CPG executive Dave Burwick as its new CEO. The deal, expected to be closed sometime in Q1 of this year, will see Spindrift founder and current CEO Bill Creelman retain a “significant equity stake” in the company while shifting into a new role as chairman of the board.
January 14, 2025
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