Split Peak, a private investment firm based in Boca Raton, Florida, has announced its acquisition of the assets of Clean Designs, the parent company of Clean Bottle, a leading brand of reusable water bottles for the sport and lifestyle market.
Launched in 2010 with a guerrilla marketing campaign at that summer’s Tour de France, Clean Bottle later garnered national attention with an appearance on the hit ABC series ‘Shark Tank’ and a feature on the cover of Wired Magazine.
In connection with the acquisition, Brandon Bernardo, 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, 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 was advised by Bell Lap Advisors on this transaction.
Split Peak is an operations and investment firm that specializes in control investments, in lower middle market manufacturing and consumer products companies.
Founded in 2010 by triathlete and Stanford graduate, David Mayer, Clean Bottle’s brand of patented reusable hydration bottles can be found in over 4,000 retail stores and major distributors throughout the US and Europe. These include REI, Performance Bicycle, Dicks, 24 Hour Fitness, Sports Chalet, GNC and local bike shops nationwide across the US. In addition to the original Clean Bottle, the company’s offerings also include the Square Bottle, whose iconic design won a Red Dot Design Award in 2013.