Bear Growth Capital Partners has entered into a letter of intent to acquire Water Water Everywhere, a national specialty retailer that offers designer swimwear and swimwear accessories with 20 stores located primarily in the Northeast and Mid-Atlantic regions of the U.S. Upon closing, BGCP will combine WWE with its portfolio company, Everything But Water, an independent specialty retailer of women’s contemporary swimwear in the U.S. Terms of the transaction were not disclosed.
“The acquisition of Water Water Everywhere is part of our growth strategy of establishing a broader, national footprint for Everything But Water,” said Joe Scharfenberger, Managing Director, Bear Growth Capital Partners. “Andy Cohen built a terrific franchise and we look forward to working with his management team throughout the integration process and beyond.”
Ann Tucker, President of Everything But Water commented, “We view this transaction as an excellent opportunity to expand the Everything But Water brand and better service our customers in markets where we do not currently have a presence.”
“We are thrilled to be joining Everything But Water. The combination marks a great next step for the evolution of the company,” said Andy Cohen, President and owner of Water Water Everywhere.