AquaHydrate announced that an affiliate of The Yucaipa Companies, LLC has invested $10 million in the company. The capital infusion will strengthen the AquaHydrate’s balance sheet and provide financing for an accelerated national roll out of the revolutionary sports drink.
Aquahydrate has, through a proprietary process, created a purified, alkaline water with electrolytes and trace minerals.
“AquaHydrate is one of the most exciting brands in the bottled water industry with great potential for future growth,” said Ronald Burkle, Chairman of Yucaipa. “We look forward to taking an active role in working with AquaHydrate’s talented management team to drive this long-term growth, profitability and value for all shareholders.”
AquaHydrate CEO and Chairman Steven Fisher said the investment marked a vote of confidence in both our business and in the growing sports water segment. Fisher is a member of the third-generation New York construction and real estate family and also serves as the Chairman and CEO of Plaza Construction Company. Plaza is a leading New York-based construction company with revenues of more than a $1.4 billion and more than 450 employees. The Fisher family are early stage investors in AquaHydrate.
AquaHydrate continues its discussions with a number of major strategic investors in order to secure a long-term partner that will provide distribution and an enhanced marketing capability for the product to allow the company to further advance to the national rollout out phase of its U.S. strategy. There are plans to expand into overseas markets and discussions are being held with major international beverage distributors. AquaHydrate is currently available in the U.S. in more than 2,200 stores including grocery, health and natural food stores and online.