Salt Lake City-based frozen drink company Frazil, a portfolio company of Freezing Point LLC, has announced two acquisitions that will expand the brand’s nationwide reach across distribution channels that include convenience stores, entertainment venues, quick-service and limited-service restaurants and educational institutions.
Earlier this month, Frazil acquired the equipment and customer accounts of Berkeley Street Beverage, a Southern California-based frozen beverage provider. In business for over 20 years, Berkeley Street Beverage has a reported 4,700 accounts throughout Southern California.
“This acquisition allows us to build upon the strong customer relationships and local presence that Berkeley Street Beverage has developed over the years,” said Kyle Freebairn, CEO of Frazil. “We”re excited to welcome these new accounts into the Frazil network and look forward to providing outstanding service, dependable equipment, and high-quality products — with the added support and scale of the Frazil brand.”
Frazil then acquired Alligator Ice, a family-owned slush brand based in Missouri that has also been operating for more than 20 years. The company services more than 10,000 convenience stores across the U.S.
“Alligator Ice has established a strong presence in the convenience store channel over the past two decades,” said Freebairn. “Welcoming the Alligator Ice team into the Frazil team represents an exciting step forward as we continue to expand our portfolio and deliver even greater value to our retail partners and customers nationwide.”
“We’re thrilled to be joining forces with the Frazil team and couldn’t have asked for a better partner to help our customers reach their full potential in the frozen beverage category,” said Russ Warner of Alligator Ice. “Alligator Ice has always been focused on helping our retail partners grow. Becoming part of Frazil strengthens that mission and gives us the ability to expand our reach and impact across the frozen beverage category.”
The two new acquisitions follow Frazil’s January purchase of Trident Beverage, a McLeansville, North Carolina-based frozen juice company that services school accounts across the country.