Salus Closes AQUAhydrate Debt Financing
Salus Capital Partners provided up to $10 million in debt financing to AQUAhydrate, a Southern California-based performance lifestyle beverage company. The financing will be used to fund the company’s working and growth capital needs.
AQUAhydrate pioneered a new category of performance lifestyle beverages and is positioned to transform the beverage industry as consumers continue to switch from high calorie artificial beverages to more innovative and healthy options. AQUAhydrate recently achieved the status of being the fastest growing water company in the U.S. according to AC Nielsen reporting, and is widely regarded as the leader in the alkaline water category.
“We’re very grateful to have Salus Capital in our corner,” said Hal Kravitz, CEO of AQUAhydrate. “Salus carries with them a strong capability in structuring loans and a passion for seeing businesses thrive. They’ve been important partners for us at this time of tremendous growth, and we’re thrilled to have their guidance as we continue to explore the possibilities.”
“The AQUAhydrate brand has seen significant expansion since its inception. Salus is proud to partner under the veteran leadership of Hal Kravitz and his team to help the company meet their growth objectives,” said Andrew H. Moser, Co-Founder, President and CEO of Salus Capital. “We are excited to grow our Food & Beverage industry portfolio with a company who is committed to producing an innovative and high quality product.”
AQUAhydrate was advised by Joseph J. Messina, president, Intercontinental Beverage Capital (IBC) a New York-based Merchant Bank focused specifically on the beverage and consumer packaged goods industries. IBC acted as the Placement Agent for the transaction.
AQUAhydrate is a Southern California-based performance lifestyle beverage geared towards the new generation of Millennial consumers.