USA – Ronnoco Beverage Solutions, a leading beverage solutions provider for convenience store, foodservice, hospitality and office categories, has acquired Trident Beverage, for an undisclosed sum.
Established in 2004, Houston-based Trident Beverage is a dispensed beverage provider for a variety of foodservice establishments.
The company currently services thousands of schools, day cares, restaurants, bars and other food venues throughout the United States.
According to the terms of the acquisition, John Walker, president of Trident Beverage, and Patrick Walker, vice president, will maintain an investment stake in the company and continue to run the business.
The acquisition furthers Ronnoco’s ambitions and long-term vision to provide a one-stop coffee and beverage solution to fit every customer’s needs and represents the company’s ninth acquisition.
The company said that addition of Trident Beverage also complements the recent strategic name change from Ronnoco Coffee to Ronnoco Beverage Solutions following its acquisition of Beverage Solutions Group in March 2019.
“We view the addition of Trident Beverage as a combination of strengths, as we continue to strategically increase market share to better provide our partners with a one-stop, full line of beverage solutions,” said Terry McDaniel, CEO of Ronnoco Beverage Solutions.
“We are incredibly enthused to add John, Patrick and their dedicated team to advance our mission for continued growth and innovative expansion through our combined portfolio of high-quality products, brands and equipment focused on customer service and experience.”
Ronnoco said that Trident will also be instrumental in the company’s expansion plans, having added more than 10 states to its service area footprint during the past 24 months to now serve more than 40 states in the US,
Trident maintains a strong foothold in the growing category of frozen drinks and cold beverage products, presenting an opportunity for Ronnoco to expand these offerings to the convenience channel.
“We are pleased to unite fronts with a company that is so aligned with our larger priorities,” said John Walker.
“Together, our extended line of complimentary product offerings and service areas creates natural synergistic opportunities for expansion across the combined platform.”