Tropics Mixology, a fast-growing provider of branded specialty beverage mixes sold in the foodservice channel, has been acquired by Bevolution Group. The transaction closed on October 30, 2015.
Duff & Phelps served as exclusive financial advisor to Beverage Innovations, Inc. in connection with the sale of Tropics Mixology.
About Tropics Mixology
Headquartered in Delray Beach, FL, Tropics Mixology provides frozen and shelf-stable specialty beverage mixes. The company’s unique and innovative product offering is used by customers in the preparation of smoothies, alcoholic beverages and hot drinks.
About Bevolution Group
Bevolution Group is a leader in the manufacture of shelf-stable and frozen beverages and cocktail mixes. The company was established through the integration of long-time foodservice leaders Juice Tyme and Lemon-X in March 2015. Bevolution Group has production facilities in Chicago, IL, Frostproof, FL, and Huntington Station, NY. Bevolution Group is a portfolio company of Highlander Partners, L.P.
Highlander Partners, L.P.
Highlander Partners, L.P. is a Dallas, Texas based private equity fund with over $1 billion in assets under management.
