SOURCE SPINDRIFT

Strategic investment includes Kevin Durant, DK Metcalf, Azzi Fudd, Derrick White, Maarten Paes,
Sophie Cunningham, and Livvy Dunne

NEWTON, Mass., July 10, 2025 /PRNewswire/ -- Spindrift Beverage Co. Inc., the leader in sparkling beverages made with real squeezed fruit, today announced its partnership with Patricof Co that brings a roster of high-profile professional athletes on board as investors in Spindrift. Patricof's athlete investors are part owners in Spindrift through Patricof's partnership with Gryphon Investors, a San Francisco-based private investment firm.

The announcement marks a first-of-its-kind partnership for Spindrift, by bringing together a diverse roster of athletes who have been longtime Spindrift® fans, including NBA champion Kevin Durant and Rich Kleiman's 35V, NFL star DK Metcalf, 2025 NCAA Women's Basketball Champion and Most Outstanding Player Azzi Fudd, NBA star Derrick White, MLS All-Star Maarten Paes, WNBA standout Sophie Cunningham, and award-winning gymnast Livvy Dunne.

"This partnership is rooted in authenticity," said Dave Burwick, CEO of Spindrift. "These athletes discovered Spindrift on their own, and were drawn to our commitment to real ingredients and doing things the hard way. Just like we carefully craft our sparkling water with real squeezed fruit, they're intentional about the quality of what they use to fuel their performance. That shared mindset has naturally evolved into a business opportunity and it's a powerful endorsement of what we're building."

Patricof Co is an investment and advisory platform for the world's most elite professional athletes. Patricof has a track record of making investments that align world-class athletes with companies that reflect their personal values. Spindrift's commitment to real ingredients that help consumers lead healthier, happier lives deeply resonated with this group of athlete investors.

"This came together organically as the athletes know and really love the product," said Mark Patricof, founder of Patricof Co. "It aligns perfectly with how they live and what they care about, so no surprise. PCO and our clients are genuinely excited to be part of what's next for Spindrift."

"Spindrift checks all the boxes I've been looking for, and I'm just excited to be a part of it," said Derrick White, Boston Celtics player and Spindrift investor. "I was first introduced to the brand by my parents, they brought it home one day, and we all became fans right away. It offers something different, something fresh, and I know when I reach for it, I'm making a healthy choice. So when the opportunity came up to invest in a brand I already love and trust, it felt like the perfect fit."

To mark the partnership, Spindrift is launching a short-form video series featuring the athletes in a blind taste test format across social platforms. The content captures each athlete's genuine reactions as they taste Spindrift flavors and draft their starting Spindrift lineup alongside a surprise "gag" flavor. The videos emphasize Spindrift's real squeezed fruit difference and highlight why it's become the go-to beverage for those prioritizing wellness and great taste. The videos also reflect the athletes' authentic connection to the Spindrift brand, shown through their familiarity with the flavors and how naturally they describe what sets Spindrift apart.

"It's easy to invest in something you truly enjoy," said Azzi Fudd, UConn Huskies women's basketball player. "I've always loved Spindrift, it's full of flavor, better for you, and fits right into my routine as an athlete, where I'm always looking for high-quality, healthy beverages. When you believe in a brand and actually like what it stands for, you know it's worth being part of."

For more information on Spindrift, visit https://drinkspindrift.com/.

About Spindrift Beverage Co.

Spindrift Beverage Co., Inc. is making every beverage a positive force of nature. Founded in 2010 on the belief that the best tastes come directly from nature, every Spindrift® product is proudly made the hard way with real squeezed fruit. Spindrift does things the hard way, the intentional way, the better albeit more challenging way, the right way – because, in the end, it's worth it. From searching worldwide to source the best-tasting fruit to prioritizing quality throughout their carefully-hewn manufacturing process to their best-in-class sensory process, every Spindrift is crafted to celebrate the aroma, texture, and taste of real squeezed fruit – never from concentrate - in every sip. Spindrift® sparkling water is available nationwide, and Spindrift® SODA is available in select retailers and online. The company donates to environmental not-for-profits through membership in 1% For the Planet. Spindrift is headquartered in Newton, Mass.

About Patricof Co
Patricof Co (P/Co) is a highly specialized private investment platform designed to meet the unique business needs of professional athletes. Through strong relationships with its athlete clients built through a differentiated service offering and deep consumer sector expertise, P/Co aims to provide strategic capital to support the continued growth of the brands in which it invests. Please visit www.pco.com and follow @patricofco on Instagram for more information.

About Gryphon Investors
Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon's highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon's three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon's targeted investment sectors.

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