Los Angeles, CA, December 23, 2014 -- /EPR NETWORK/ -- Breakwater Investment Management, LLC (“Breakwater”) is pleased to announce the recent closing of a significant growth-capital investment into Argo Tea, Inc. (“Argo Tea”), out of its Breakwater Credit Opportunities Fund, L.P. Based in Los Angeles, Breakwater is a private investment firm that specializes in direct investments into highly promising middle market businesses.
Argo Tea®, the company known for blending the finest local and global loose-leaf teas in over 40 locations worldwide, is a multi-channel branded beverage enterprise headquartered in Chicago, IL. Founded in 2003, the business offers a unique experience for customers through its distinctive menu of natural, tea-based signature drinks, wide choice of loose-leaf teas, organic coffee, and other specialty foods.
“Argo Tea has become a household name and a leading beverage brand renowned for its high-quality products,” said Arsen Avakian, founder and CEO of Argo Tea. “The company’s differentiated brand is set for further expansion, and this well-structured financing from Breakwater will help us take full advantage of additional attractive commercial opportunities.”
“Argo Tea’s compelling omni-channel strategy offers multiple avenues for growing the brand and its product offering,” said Saif Mansour, Managing Partner at Breakwater. “The company’s robust wholesale platform has been flourishing, with sales doubling each year, and its highly scalable licensing business and vast ecosystem of partnerships with global food and beverage firms offer further attractive growth prospects. We are delighted to be supporting Arsen Avakian and his exceptional management team, as they pursue new, exciting expansion plans for the business.”
Argo Tea is led by highly respected industry leaders with a proven track record of growing consumer products companies, including Starbucks, Dunkin Brands, Pepsi, Frito Lay, Gatorade, Tropicana, and Quaker.
About Breakwater Investment Management, LLC:
Breakwater Investment Management is a private investment firm that makes direct equity and debt investments in leading lower middle market growth companies. The firm aligns itself with committed management teams, owners, and sponsors, providing both capital and operating expertise to propel emerging businesses into their growth curve. Breakwater is a diversified alternative asset manager that offers independent and institutional investors access to multiple investment vehicles that serve the lower middle market’s growth capital needs.
To learn more about Breakwater, visit http://www.breakwaterfunds.com or call (424) 777-4000.
Breakwater Investment Management, LLC
1999 Avenue of the Stars, Suite 3430
Los Angeles, CA 90067