US-based private equity firm Fireman Capital Partners (FCP) has partnered with Dunn’s River Brands (DRB) to build a beverage platform.

Based in Dallas, Texas, DRB is a strategic platform that supports a portfolio of beverage companies and helps them accelerate growth through a shared resource model.

Dunn’s River Brands president and CEO Kevin McClafferty said: “The entire DRB team and I are delighted to partner with Fireman Capital Partners.

“FCP’s successful track record with consumer and beverage products, such as their current craft beer platform CANarchy and legacy juice brand, Evolution Fresh, make them the ideal partner for DRB as we grow the Sweet Leaf Tea and Tradewinds brands.

“DRB recently agreed to acquire Sweet Leaf Tea and Tradewinds businesses from Nestlé Waters North America.”

“With FCP’s support, we are well-positioned to attract world-class beverage brands and support the next generation of beverage companies.”

DRB recently agreed to acquire Sweet Leaf Tea and Tradewinds businesses from Nestlé Waters North America. The companies have not disclosed the financial details of the transaction, which is expected to close by the end of this year.

Sweet Leaf Tea and Tradewinds offer ready-to-drink (RTD) tea products.

FCP managing partner Dan Fireman said: “We are excited to partner with the highly talented Dunn’s River Brands team to build a world-class beverage platform.

“The Sweet Leaf Tea and Tradewinds brands represent a terrific foundation for the DRB portfolio as consumer demand for speciality, local and functional beverage products continues to increase.”

The acquisition of Sweet Leaf Tea and Tradewinds will serve as a platform for DRB to make additional acquisitions in the future.