GlacierPoint Enterprises Acquires Cool River Beverages LLC

GlacierPoint Enterprises, a leading direct store delivery (DSD) distributor of frozen products, has announced its acquisition of Cool River Beverages LLC. This strategic move expands GlacierPoint's distribution solution to include a wide range of specialty beverages, transforming the company into a fully diversified logistics platform.

The acquisition of Cool River Beverages allows GlacierPoint to tap into the growing market for temperature-controlled beverages. With their existing customer relationships, DSD distribution network, and operational expertise, GlacierPoint aims to leverage the new beverages segment as a significant growth engine for the combined business.

Jim Schubauer, Chief Executive Officer and Executive Chairman of GlacierPoint, commented, "The Cool River acquisition is highly accretive to the GlacierPoint platform. It expands our distribution capabilities and positions us as a comprehensive provider of both frozen foods and temperature-controlled beverages. We are excited about the growth opportunities this presents."

Martin Kelly, the founder of Cool River Beverages and a board member of GlacierPoint, expressed his confidence in the acquisition, stating, "I have witnessed GlacierPoint's expansion firsthand and believe that they are the perfect fit to lead the charge for Cool River's significant growth. I look forward to supporting their continued success."

The partnership between Cool River, Martin Kelly, and GlacierPoint is a logical progression for the evolution of GlacierPoint. Jake Giuffrida, Vice President of Mill Point, the parent company of GlacierPoint, said, "We are thrilled to diversify our platform and support GlacierPoint's growth in this new market segment."

Cool River Beverages LLC was established in 2019 by Martin Kelly. Based in The Bronx, NY, the company is the exclusive DSD distributor of Nestlé-branded beverages throughout the New York Metro area.

GlacierPoint Enterprises, headquartered in The Bronx, NY, is a leader in DSD distribution. They are the exclusive distributor of Dreyer's Grand Ice Cream and Unilever Ice Cream, featuring popular brands like Häagen-Dazs, Ben & Jerry’s, and Nestlé Ice Cream. In addition to ice cream, GlacierPoint also distributes various fresh and frozen products across a territory spanning from South Carolina to the U.S./Canadian border. Their customer base includes grocery store chains, independent supermarkets, delis, drugstores, convenience store chains, and foodservice customers.

GlacierPoint is known for its dependability, reliability, and consistency, making them a trusted distribution partner for suppliers and retailers. For more information about GlacierPoint, please visit www.glacierpointenterprises.com.

Mill Point Capital, the parent company of GlacierPoint, is an operationally-oriented private equity firm. They specialize in control investments in lower-middle market companies, with a focus on the Business Services, Industrials, and IT services sectors in North America. Mill Point's team of experienced investors and Executive Partners drive portfolio company value enhancement through strategic initiatives and operational improvements. To learn more about Mill Point Capital, please visit www.millpoint.com.

The acquisition of Cool River Beverages by GlacierPoint Enterprises marks an important strategic move that positions the company for further growth and diversifies its business offerings. With a comprehensive logistics platform that includes both frozen foods and temperature-controlled beverages, GlacierPoint is well-positioned to meet the evolving demands of the market and strengthen its presence in the industry.