Announced
Completed
Synopsis
TJC-backed Sunny Sky Products, a producer of dispensed beverage solutions offering hot, cold, frozen, and beverage enhancer products for the convenience store and foodservice channels, completed the acquisition of Bevolution Group, a manufacturer of shelf-stable and frozen beverage products, and cocktail mixes, from Highlander Partners, a Dallas-based private investment firm. Financial terms were not disclosed. "We are pleased with the sale of Bevolution, which, under our guidance, has evolved into a very broad and comprehensive beverage provider with marquee foodservice brands, robust manufacturing capabilities, and a broad spectrum of beverage solutions. Sunny Sky is a perfect partner to propel the business forward, and we are glad to see the Bevolution team partner with them for future growth. This platform was built through an active M&A strategy and having closed more than thirty transactions in the food and beverage category in recent years, Highlander continues to actively pursue high-quality businesses in this sector as new platforms and add-ons for its current portfolio companies," Jeff L. Hull, Highlander Partners President and CEO.
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