Shore Capital Partners Announces Partnership With BevSource
CHICAGO & ST. PAUL, Minn.--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce it has completed a partnership with BevSource (the “Company”), an outsourced beverage solutions provider based in St. Paul, Minnesota.
BevSource was founded in 2002 by Janet Johanson to offer a full range of solutions to beverage entrepreneurs and brand owners of all sizes. BevSource’s core service offerings include beverage development, scale-up, quality assurance, production management, packaging and ingredient procurement, and other operational and support services. The Company serves a diverse mix of small and large customers across multiple beverage categories, including beer, wine, spirits, energy drinks, teas, functional waters, carbonated soft drinks, seltzers and more.
Shore Capital is partnering with the Company’s management team, which has led BevSource through tremendous growth over the past 20 years.
“We are ecstatic to announce our partnership with Shore Capital given their proven playbook for growth and track record of performance,” Johanson said. “We are confident our combined industry knowledge, teams, networks and resources will enable us to continue to provide exceptional service and partnership to our clients and suppliers while building new value-add services into our suite of offerings moving forward.”
Shore plans to invest in the business development, research and development, sales and marketing, and operational infrastructure of the Company to drive transformational growth. Together, BevSource and Shore will explore opportunities for inorganic growth through acquisitions, and organic growth through new service offerings and industry partnerships.
“We could not be more excited and honored to partner with the entire BevSource team for their next chapter of growth,” said Richard Boos, Partner at Shore Capital and Chairman of BevSource. “Janet has built an excellent business focused on offering best-in-class services and unparalleled customer service. We look forward to helping build on the success already achieved to date and identifying new growth avenues together.”
“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.”
About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.
BevSource brings beverage ideas to life for new and established beverage brands. Since 2002, BevSource has provided beverage development, sourcing, and production solutions to help beverage creators navigate the complexities of the beverage industry. Realizing creators needed a place to validate their ideas, BevSource created The Lab, a first-of-its-kind facility for small-scale pilot production and quality assurance testing. In 2021 BevSource made the Inc. 5000 list of fastest growing US companies, and Janet Johanson, CEO & President, was named EY’s Entrepreneur of the Year – Heartland Region. For more information, please visit www.bevsource.com.
Shore Capital Partners
Jordan Niezelski, Edelman
Dan Macri, EVP Sales & Marketing