Mountain Valley Water Acquired By Investment Group

Mountain Valley Water Company of Hot Springs, Arkansas has been acquired by a group of investors with Great Range Capital, according to a company statement.

Terms of the deal, which was announced on Tuesday (March 4), were not disclosed.

Great Range Capital, a private equity firm based in Kansas City, primarily targets controlling equity investments in Midwestern companies with revenues ranging from $10 to $150 million.

Mountain Valley is the oldest continuously operated bottled water company in the U.S. and has been in business since 1871.

It competes in the premium segment of the bottled water market and serves individual consumers, major retailers and food service operators in all 50 states and selected international markets.

“Mountain Valley has an impressive and treasured heritage of providing consumers the finest spring and sparkling spring water,” said Breck Speed, CEO of Mountain Valley. “Our partnership with Great Range Capital positions us well for continued growth and success. We now have an even greater ability to deliver the high quality products and services our customers have come to expect from Mountain Valley.”

“Mountain Valley provides a top-tier domestic alternative to imported premium bottled waters. The company’s historic brand, glass packaging and superior taste and mineral content resonate strongly with today’s conscientious consumers,” said Ryan Sprott, Managing Partner of Great Range Capital.