Detroit, Mich. (Feb. 6, 2025)—Cascade Partners announces the majority ownership transaction of Boxed Water Is Better® to Nyrad, LLC, effective February 5, 2025. Nyrad represents a group of private investors. Boxed Water™ is a trailblazer in creating environmentally friendly alternatives to single-use plastic water bottles and aluminum cans. Founded in 2009 by entrepreneurs, Boxed Water was established with a vision to transform how water is packaged, shipped, and enjoyed.
“I am incredibly proud of what this team has accomplished and look forward to serving more partners with Boxed Water’s environmentally responsible solutions,” says Boxed Water’s CEO, Daryn Kuipers. “I am grateful for the original seed investment and the new investment team that will allow us to grow. The brand remains dedicated to helping customers reduce their carbon footprint one box at a time.”
The majority ownership transaction secures continuity while expanding Boxed Water’s commitment to making small changes that impact the world. Kuipers expects to expand the company’s distribution footprint and manufacturing capabilities over the coming years, constantly seeking “BETTER” solutions for our planet.
In 2016, Kuipers was appointed CEO and has continued to provide strategic leadership. During this period, the company has achieved a 28.5% CAGR growth by expanding its product offerings and nationwide routes to market, including Sysco, US Foods, KeHe, UNFI, and its direct-to-consumer ecommerce channel. In the past two years, Boxed Water has invested in state-of-the-art facilities and strengthened its reputation as a leader in sustainable packaging.
For more information, visit Boxedwaterisbetter.com.
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About Boxed Water
BOXED WATER™ was founded on the belief that sustainability matters to change how packaged water is shipped, sold, and enjoyed. Boxed Water is the most sustainable brand, at 92% renewable, with its plant-based packaging and cap. All Boxed Water’s cartons source paper from trees in well-managed forests – where new trees are continuously planted to replace the ones harvested – and are shipped flat to reduce the number of trucks required for transportation. Boxed Water also fills water close to the source and the consumer to reduce its carbon footprint, and all cartons are recyclable, refillable, and BPA-free. Boxed Water has planted over 1.5 million trees in our National Forests with our #BetterPlanet campaign. The simple act of choosing Boxed Water is a statement that sustainability matters. Boxed Water is headquartered in Holland, Michigan, and has filling locations in Michigan and Utah.
About Cascade Partners
CASCADE PARTNERS is an investment banking, restructuring and private investment firm serving middle-market entrepreneurs, businesses, and investors. The Cascade Partners team utilizes their deep experience as operating executives, investors, board members, and transaction advisors to understand all aspects of their client’s business and industry. This 360º approach also allows Cascade Partners to anticipate the needs of both sides of a transaction and develop successful restructuring and turnaround strategies. Working with and aggressively advocating for clients, Cascade Partners works to create, manage, and realize business value. Services include advice on mergers and acquisitions, divestitures, capital sourcing, performance improvement, restructuring, and turnaround & restructuring.