Gryphon Investors Acquire Majority Stake In Spindrift Sparkling Water

Private Equity
Written By Rick Watson

Spindrift is an American sparkling water and soda company.

San Francisco-based private investment firm Gryphon Investors has acquired a majority stake in sparkling water with a real squeezed fruit brand for an undisclosed amount. In conjunction with the new investment, founder and CEO, Bill Creelman will transition to a new position, chair of the board while Dave Burwick will be its new CEO. Creelman and the Spindrift management team will retain a significant equity stake. The transaction is expected to close by the end of the first quarter of 2025.

WSJ: Spindrift Sparkling Water Nears Sale to Private-Equity Firm

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Steven Madden Buys Tony Melillo's ATM Elevated Essentials Brand
Next

Vooma Raises Over $16M in Seed and Series A Funding