Clean Designs LLC, the parent company of Clean Bottle, has been acquired by Split Peak LLC, a private investment firm based in Boca Raton, FL.
Clean Bottle was launched in 2010 with a guerrilla marketing campaign at that summer’s Tour de France and later funding from Mark Cuban, owner of the NBA’s Dallas Mavericks, after an appearance on the ABC series “Shark Tank.” According to its website, Clean Bottle is now in over 5000 stores nationally and 6 countries, with a variety of bottles for cyclists, hikers, runners, yoga, crossfit, rock climbing and more. Clean Bottle now also offers custom printing.
Terms of the acquisition were not disclosed.
Brandon Bernardo, the CEO of Split Peak, said, “We believe the reusable bottle market offers enormous opportunity and we are excited about our acquisition of Clean Bottle. The Clean Bottle brand includes outstanding products with strong intellectual property and we look forward to leveraging the resources of Split Peak to expand the existing operations and provide Clean Bottle’s customers with new and exciting products.”
David Mayer, the founder of Clean Bottle, added, “The team at Clean Bottle is eager to take advantage of this new opportunity. We have worked hard for the previous eight years to prove the market need for this solution, and we are ready to see that taken to the next level with new ownership.”
Clean Designs, LLC was advised by Bell Lap Advisors on the transaction.