Hot Springs-based Mountain Valley Water Company has been acquired by Great Range Capital, the private equity firm announced Tuesday.
The Leawood, Kan.-based equity firm said in a statement that Mountain Valley management was among a team of investors behind the acquisition. Terms of the deal were not released, and a company spokesman didn't immediately return a message seeking additional information.
“Mountain Valley has an impressive and treasured heritage of providing consumers the finest spring and sparkling spring water,” Mountain Valley Chief Executive Officer Breck Speed said in the statement. “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.”
Established in 1871, Mountain Valley is said to be the oldest continuously operated bottled water company in the country.
Great Range Capital primarily invests in midwestern companies with revenues between $10 million and $150 million, the news release states.