Growcore Investments

Growcore Investments is a private equity firm based in Massachusetts that specializes in buyouts and growth equity within the consumer products and services sectors. Founded in 2008, the firm focuses on various segments, including active sports and footwear, personal care products, household care items, packaged food and beverages, apparel, and leisure products. Additionally, it is interested in the real estate sector, particularly in the Northeast corridor of the United States. Growcore Investments typically targets companies with revenues ranging from $30 million to $150 million and aims for majority equity positions. The firm seeks to invest in businesses with an EBITDA between $5 million and $100 million and a target market capitalization of $50 million to $500 million.

Christopher R. Akelman

Partner

Michael K. Crowe

Operating Partner

Daniel Max Fireman

Managing Partner

Devon Howard

Senior Associate

Meagan Jennings-Berg

Investor Relations and Capital Raising

Russell Kazorek

Vice President and Controller

Andrew LaGoo

Senior Associate

Stacy Madison

Operating Partner

Ekta Sharma

Vice President

Past deals in Beverages

The Goodship

Venture Round in 2018
The Goodship creates the most delectable cannabis-infused baked goods, chocolates, and confections on the market.

Canarchy

Venture Round in 2018
CANarchy is a collective of independent craft breweries focused on producing innovative and high-quality beers. Founded in 2015 and headquartered in Longmont, Colorado, with additional offices in various states including Utah, Texas, Florida, North Carolina, and Michigan, it champions the craft beer movement. The organization encompasses several notable breweries, such as Oskar Blues Brewery, Perrin Brewing Company, Cigar City Brewing, Squatters Craft Beer, Wasatch Brewery, Deep Ellum Brewing Company, and the recently added Three Weavers Brewing Company. Through its portfolio, CANarchy aims to disrupt traditional brewing conventions and promote the values of independent craft beer culture.

Tradewinds

Acquisition in 2017
Tradewinds® Slow Brewed Iced Tea is traditionally slow-brewed using whole tea leaves and simple, natural ingredients. They put the leaves in large tea bags and gently steep every batch in specially designed steeping kettles until it reaches the perfect intensity of aroma and flavor. After brewing, they add select flavors and natural ingredients and bottle the tea fresh to capture its smooth and authentic tea taste. Kick back and savor the moments that matter most with Tradewinds® Slow Brewed Iced Tea.

Sweet Leaf

Acquisition in 2017
In 1997, Sweet Leaf Tea founder, Clayton Christopher, decided to make a bottled tea that was just as tasty as the one his grandmother Mimi used to make. Every bottle of homemade goodness still starts with Granny's original recipe - the perfect balance of organic tea leaves and ingredients they can pronounce. In 2004, they put a spin on their classic sweet tea with fun new flavors like Mint & Honey.

Dunkin' Donuts

Acquisition in 2014
Dunkin' Donuts is the largest coffee and baked goods chain in the world providing you, their loyal customers, with high quality coffee, bagels, donuts and other baked goods since 1950.

Purity Organic

Venture Round in 2011
Purity Organic is a consumer goods company established in 2005 and headquartered in Oakland, California. It specializes in producing organic beverages, including juices, teas, coconut waters, and sparkling waters, all made from certified organic ingredients. The company emphasizes the importance of sourcing and growing certified organic fruits and vegetables, ensuring that its products are shelf-stable, kosher, and gluten-free. Purity Organic aims to provide customers with healthy, great-tasting options while also enhancing its operational efficiency and expanding market share across its portfolio. Its commitment to quality and sustainability positions it as a notable player in the organic beverage industry.

Evolution Fresh

Acquisition in 2010
Evolution Fresh peels, presses, and squeezes raw fruits and vegetables.