Shore Capital Partners has completed a partnership with BevSource, an outsourced beverage services provider.
BevSource offers a full range of services to beverage entrepreneurs and brand owners including beer, wine, spirits, energy drinks, teas, functional waters and more. The firm’s suite of services include beverage development, scale-up, quality assurance, production management, packaging and ingredient procurement, and operational support services.
Following the deal, Shore intends on investing in business development, R&D, sales and marketing and operational infrastructure to drive growth. The firm plans to explore additional opportunities for growth through acquisitions.
“BevSource has built a truly unique business as a one-stop-shop for enabling the growth of innovators in the beverage category,” said Jeff Smith, principal at Shore Capital. “We are thrilled to work with an entrepreneur of Janet’s caliber and her dynamic team in the years ahead as we further strengthen BevSource’s deep customer, supplier and industry partnerships and explore the addition of new service lines and acquisitions.”
Twin Brook served as administrative agent on debt financing to support Shore Capital.