Livingstone and its affiliate LivingFree Securities, LLC, are pleased to announce that it’s client Rambler Sparking Water (“Rambler” or the “Company”) has completed multiple rounds of investment and entered into a new lending relationship with JPalmer Collective.
Founded and based in Austin, TX, Rambler has emerged as America’s modern mineral water brand and one of the fastest-growing in the category. The unique Rambler limestone mineral blend of calcium, potassium, and magnesium appeals broadly to health-conscious consumers.
“Closing these investments gives us the operational runway to turn our proven growth model in Texas into a national one, while the water category re-sorts in our favor” said co-founder and CEO, James Moody. “Working with Livingstone has been a welcomed partnership, and we value their continued support and guidance.”
“We are excited to have advised Rambler as the opportunity for the brand is great,” said Andrew Bozzelli, Partner at Livingstone. “The continued momentum for beverages with better-for-you ingredients will only strengthen Rambler’s growth prospects.”
Eric Suh, Managing Director of Livingstone added, “Rambler is a differentiated product within the water category as it is sustainably sourced and has an impressive on-premise footprint.”
Livingstone has closed 6 beverage transactions in the past 6 months. Livingstone has deep experience across the beverage ecosystem, having advised non-alcoholic, alcoholic, and alternative brands; compliance & logistics providers; wholesalers; and producers / co-packers. With the beverage sector experiencing significant shifts due to changes in consumer preferences, Livingstone is uniquely positioned within the middle market to help clients navigate an evolving capital markets landscape.
