US-based private equity firm Teall Investments has invested in Sunshine Beverages to acquire a significant stake in the company.

Sunshine Beverages manufactures and distributes ‘better-for-you’ energy beverage products in the US.

Financial terms of the investment have not been revealed by both the companies.

Sunshine Beverages products are available in three different flavours, including Ginger Berry, Blueberry Lemonade, and Clementine Twist.

It is reported that Sunshine was formed by ad-agency The Variable.

“It is reported that Sunshine was formed by ad-agency The Variable.”

Sunshine founder and CEO Keith Vest said: “Teall’s investment in Sunshine allowed our company to no longer be a ‘side business’ of The Variable.

“Since the investment a few months ago, Sunshine has grown from zero to eight full-time employees and rapidly accelerated our footprint from North Carolina’s Piedmont Triad region to all parts of North and South Carolina, Georgia and Virginia.”

Vest anticipates that its Sunshine beverage will be available at more than 1,500 grocery stores and 800 convenience stores, independent retailers, craft breweries, and other locations by early next year.

Teall Investments chairman Ben Sutton said: “Sunshine is the perfect complement to Teall’s other high-growth investments, which include Tailgate Guys and Riddle and Bloom.  Much like those investments, Sunshine is a lifestyle brand with broad appeal to consumers.

“Millennials’ and Gen-Zs’ personality traits are much more attentive to their health and well-being, perfectly line up with Sunshine’s attributes.  In fact, I first learned of Sunshine from my own kids who are both quite health-conscious.”