BGL Announces the Sale of Zing Anything
October 31 2017
Cleveland, OH – October 31, 2017 –Brown Gibbons Lang & Company (“BGL”) is pleased to announce the sale of Zing Anything LLC (“Zing Anything” or the “Company”), to O2COOL LLC ("O2COOL"), a portfolio company of LKCM Headwater Investments, the private investment arm of Luther King Capital Management, a Fort Worth based investment firm founded in 1979 with approximately $14.3 billion in assets under management. BGL’s Consumer & Retail team served as the exclusive financial advisor to Zing Anything. Terms of the transaction were not disclosed.
Zing Anything is the only patent-protected "active" and continuous infusion hydration product on the market. The Zing Anything product line and technology is designed with the purpose of extracting the essence of all natural ingredients and allowing these flavors to infuse directly into a liquid of choice. Flavor, aroma, hue, plus the added vitamin, minerals, and nutrients all infuse naturally when using fresh ingredients like fruits/vegetables in the Zing Anything product line of water bottles and salad dressing makers.
Founded in 1992, O2COOL is a leading designer, manufacturer and distributor of creative consumer products. The company specializes in patent-protected cooling, hydration, and patio, pool and beach solutions that appeal to active consumers and pet owners. O2COOL’s innovative, multi-functional and Cool by Design™ products include an extensive list of handheld misting fans, battery-operated and rechargeable fans, and drinking and misting bottles. The 25-year-old company has significant retail placement and deep sales relationships across multiple market channels, including sporting goods, mass, specialty, grocery, drug, hardware/do-it-yourself, healthcare, ecommerce, theme park, and more.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer& Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.