Beverage distributor says billionaire investor's money is for growth not to purchase the company

CEO Tom Pepin says Maryland investment firm will his prominent beverage distribution company grow — but insists the business was not sold.

  • By Louis Llovio
  • | 12:00 p.m. July 22, 2021
  • | 0 Free Articles Remaining!
COURTESY: Tom Pepin and his wife Lauren. Pepin, CEO of Pepin Distributing, dispute reports that company was sold, says influx of cash was an investment.
COURTESY: Tom Pepin and his wife Lauren. Pepin, CEO of Pepin Distributing, dispute reports that company was sold, says influx of cash was an investment.
  • Tampa Bay-Lakeland
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Tom Pepin, CEO of Pepin Distributing Co., says a Maryland-based firm has invested in the business his family has owned for decades — but disputes published reports the business has been sold.

Pepin, in an email to the Business Observer July 14, categorized the investment by Redwood Capital Investments in the Tampa-based company as “more of a capital restructuring that will infuse capital to fund growth.”

 

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