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Spindrift Appoints Former Boston Beer Co. Executive as New CEO Amid Sale

On Tuesday, Spindrift Beverage Co., Inc. announced that Gryphon Investors, a San Francisco-based private investment firm, will acquire a majority stake in the company. The companies finally reached a deal — the details of which have not been disclosed — after news of a potential sale broke in December 2024.

Coinciding with the partnership, Spindrift’s founder and current CEO, Bill Creelman, will transition to a new role as the chair of Spindrift’s board. Beverage industry veteran Dave Burwick will step in as the company’s new CEO.

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