#United States #Miami #beverage industry #Boyne Capital #Blue Monkey

Boyne Capital Partners with Blue Monkey Beverages

In a recent significant development, Boyne Capital has made an announcement regarding its investment in Blue Monkey Beverages, marking a pivotal moment for the latter's growth trajectory. The partnership aims to harness Boyne's substantial resources and expertise to elevate Blue Monkey's presence in the competitive beverage market.

Established in 2009, Blue Monkey Beverages quickly gained a reputation for its exceptional product offerings, which include a range of sparkling tropical fruit juices and pure coconut water. What sets Blue Monkey apart is its adherence to high-quality standards, utilizing 100% pure juice sourced directly from fruit without any additives, sugars, or preservatives. This commitment to purity and sustainability resonates well with health-conscious consumers across North America and other regions, fostering a loyal customer base that values natural products.

Boyne Capital's investment will facilitate Blue Monkey's ambitious plans to expand its market reach and product lineup, responding to increasing consumer demands for natural and functional beverages. As part of this initiative, Boyne has teamed up with Fifth Ocean Capital, whose principal, Steve Beck, a seasoned beverage executive, will step into the role of CEO at Blue Monkey. This collaboration aims to steer the company toward accelerated growth, supported by an experienced team specializing in the beverage sector.

Derek McDowell, Managing Partner at Boyne Capital, expressed his enthusiasm for this collaboration, noting, "We are thrilled to partner with Blue Monkey, a company that aligns perfectly with our investment philosophy of supporting and scaling dynamic, high-potential businesses." He further highlighted the significance of their partnership with Fifth Ocean, showcasing their shared commitment to driving Blue Monkey's business forward.

Steve Beck, the incoming CEO, mirrored this sentiment, stating, "We are delighted to partner with the Boyne team. We see a significant opportunity to develop new products and expand customer relationships while providing exceptional support to our existing clientele." Beck emphasized the potential for innovation and growth within Blue Monkey, fueled by the new partnership.

Founders Simon and Mary Jane Ginsberg expressed their excitement about the future of Blue Monkey, noting their confidence in Steve Beck and his team to build upon the company's strong foundation. They believe that with Boyne Capital’s backing, Blue Monkey will continue to thrive and enhance its role as a partner to its customers.

As noted by Roman Krislav, Managing Director at Boyne Capital, "Blue Monkey's dedication to clean label, quality products resonates with today’s health-conscious consumers. We are looking forward to boosting Blue Monkey’s product and marketing innovation, enhancing its distribution network, and helping to drive the next phase of the Company’s growth."

About Boyne Capital
Founded in 2006 and based in Florida, Boyne Capital is a private equity firm focused on investing in lower middle market companies. The firm seeks businesses with revenues below $100 million and EBITDA between $3 to $15 million, spanning a variety of industries including healthcare, consumer products, manufacturing, and financial services. Boyne aims not only to provide financial resources but also to leverage industry expertise to support portfolio companies in achieving growth and operational excellence.

For more information on Boyne Capital and their work with Blue Monkey Beverages, please visit Boyne Capital's official website.