Gryphon Investors to acquire a majority stake in Spindrift Beverage.

Gryphon Investors, a private investment firm, agreed to acquire a majority stake in Spindrift Beverage, a producer of sparkling water with real squeezed fruit. Financial terms were not disclosed. "Spindrift has a strong, beloved brand and differentiated product portfolio because it's made with exceptional thought and care. This attention to quality underlies the company's outsized share of growth across beverage categories—nearly tripling in size since 2020—and it's what attracted us to invest in the business. We are thrilled to be partnering with both Bill and Dave, as well as the entire Spindrift team," Ryan Fagan, Gryphon Managing Director.