Highlander-backed Bevolution Group Adds Tropics Mixology
November 04, 2015
Highlander Partners beverages platform Bevolution Group has acquired Tropics Mixology, a supplier of cocktail and smoothie mixes, from Beverage Innovations. FirstMerit Bank, acting as administrative agent, provided senior financing along with a syndicate of lenders; Five Points Capital provided mezzanine debt in support of the transaction. Tropics Mixology's product portfolio serves customers in the global restaurant, convenience store and hospitality segments.