Situation

As the leading provider of premium fruit-based ingredients to the foodservice channel, Perfect Purée has built a strong reputation for product quality, flavor consistency, and deep relationships with national chain accounts, master distributors, and independent operators. Building on more than three decades of organic growth, Perfect Purée engaged G2 Capital Advisors, LLC (“G2”) to support a clearly defined inorganic growth strategy in partnership with its financial sponsor, Riverarch. The Company’s mandate focused on identifying complementary culinary and beverage ingredient platforms that would broaden Perfect Purée’s product portfolio and grow its reach across foodservice and beverage distribution channels. 

Engagement

G2 served as the exclusive buy-side advisor to Perfect Purée, leading a search targeted at identifying and engaging with founder- and family-owned businesses with differentiated, high-quality products, strong branding and established channel positioning.

Outcome

G2’s mandate with Perfect Purée led to the successful acquisition of Denver-based Strongwater (“Strongwater”), an award-winning craft producer of premium cocktail bitters, syrups, and sparkling mixers. Founded in 2014 and family-owned, Strongwater hand-crafts its products in-house at its Denver manufacturing facility using Rocky Mountain water and a proprietary library of botanicals, barks, roots, and herbs. The Company’s portfolio – anchored by its award-winning Old Fashioned syrup line and complemented by bitters, sparkling mixers, and ready-to-drink non-alcoholic beverages – has earned national recognition, including a 2025 SIP Awards Platinum medal. By adding Strongwater’s capabilities, Perfect Purée extends its premium ingredient platform through the beverage distribution channel, broadens its product offering, and adds a vertically integrated manufacturing footprint outside of Napa Valley. The acquisition strengthens Perfect Purée’s position as a comprehensive, single-source partner for chefs, mixologists, and beverage program operators across North America.

“Strongwater is an exceptional addition to the Perfect Purée family,” said Michele Lex, Co-President of The Perfect Purée of Napa Valley. “Nick and the Strongwater team have built a beloved brand rooted in craftsmanship, authenticity, and a relentless commitment to flavor – values that mirror our own. Their portfolio meaningfully extends our reach into craft cocktails and beverage mixology, and we look forward to the enhanced value this partnership will deliver.”

“This transaction reflects Perfect Purée’s disciplined approach to inorganic growth and the strength of its strategic vision under Riverarch’s stewardship,” said Andrew Keleher, Managing Director at G2. “Strongwater is a high-quality, founder-led platform with a differentiated product portfolio and authentic brand equity in the craft beverage space. We are proud to have supported the Perfect Purée and Riverarch teams on this milestone acquisition and look forward to deepening our partnership as the platform continues to scale.”