Chicago, IL – Bevolution Group (“Bevolution” or “the Company”), a portfolio company of Highlander Partners, L.P. (“Highlander”), has been acquired by Sunny Sky Products, LLC. (“Sunny Sky”), a portfolio company of TJC, L.P. Bevolution is a leading manufacturer of shelf-stable and frozen beverage products for the foodservice industry.
Bevolution was created via the combination of well-respected and reputable brands including Dr. Smoothie, Tropics, JuiceTyme, and Lemon-X. This strategic consolidation positioned the Company as a comprehensive beverage solution provider with a vast range of products that are highly regarded for their superior taste, functionality, and value proposition. The business operates a multi-site beverage manufacturing platform with 3 facilities strategically located across the US and capacity to support future growth. Bevolution develops and innovates new products with its in-house R&D staff and partners with its customers to bring new on-trend products to market.
Michael Sherman, CEO of Bevolution and Director at Highlander Partners, stated, “Sunny Sky is a great fit and a perfect partner for the future growth of the business. Sunny Sky has a great culture, and I am confident our employees and customers are in good hands under Ashley and Matt’s leadership of the business. We are excited for this new phase of growth all while we continue to prioritize our valuable customers and deliver top notch service.”
Jeff L. Hull, President and CEO of Highlander Partners, added, “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.” Mr. Hull also stated, “The Hennepin Partners team was an invaluable resource in this process. Hennepin’s team of senior bankers provided the transaction expertise and industry knowledge necessary to achieve a successful outcome for the shareholders.”