Portfolio Companies

Our Partnerships
Pegasus Growth works closely with portfolio companies to develop, refine and position brands, to develop strategic marketing strategies, to enhance consumer product development, to refine the customer experience and to passionately engage with the consumer.

LogicSource, founded in 2009 by Bain Capital Ventures and David Pennino, provides outsourced procurement services to improve business’ margin structure and profitability.


About LogicSource

LogicSource provides outsourced procurement services – the business currently manages $5.5 billion of annual spend for retail and consumer businesses such as BigLots, Dish, Gap Inc., GlaxoSmithKline, Lululemon, Panera Bread and Western Union. Essentially their value proposition is to improve a business’ margin structure and profitability.

Based in Norwalk, CT, as of 2019 the company has 129 full-time employees, revenues of $27.5 million and adjusted EBITDA of $3.0million.
Logic Source was purpose-built to drive profit improvement for their clients through better buying.
Goods and services not-for-resale typically represent 20% of an organization’s cost base and is the area of greatest spending inefficiency. LogicSource focuses exclusively on complex not-for-resale categories that organizations typically don’t have the capacity, focus and scale for best-in-class buying.

Unlike a traditional advice-based consultancy, LogicSource executes on behalf of their clients, either taking full control of procurement operations to achieve sustainable profit improvement, or joining forces with the existing procurement team to achieve best-in-class capability.
DYLN makes a premium insulated water bottle that creates alkaline, antioxidant water on the go.

About DYLN

DYLN's premium water bottle has double-walled vacuum insulation, an exterior made of dent resistant 304 stainless steel, an interior made of the highest quality, surgical-grade 316 stainless steel and a patent-protected VitaBead Diffuser system that creates alkaline and antioxidant water. The product has three component parts (bottle, diffuser and VitaBeads) that are each manufactured by separate manufacturers in China. The company is currently located in Los Angeles, in proximity to port.

Since the original bottle was launched in March 2016, the company has sold approximately 150,000 bottles and 250,000 replacement diffusers with revenues totaling $10 million.
In 2016, bottled water sales surpassed soda drinks in the U.S. for the first time.

For 2018, bottled water comprised 22% of the U.S. beverage market by volume, while carbonated soda drinks comprised 19%. Broadly characterized, the “health and wellness” beverage category now comprises 42% of the total market and its share is growing.

The U.S. bottled water market has been growing at a 7% 5-year CAGR. The fastest growing water category is “enhanced water,” with alkaline water comprising the largest and fastest growing segment of the “enhanced water” market. PET single serve bottles have grown from 40% of the packaging market in 2013 to 46% in 2018. Yet, the consumer has an increased awareness of the “ills” of single-use plastic and there is a strong preference for alternatives.

(Beverage MarketingCorporation and Fortune Business Insights).

Market Opportunity
The market opportunity reflects three consumer trends:
  • Consumer shift away from carbonated soda drinks to water.
  • The high growth of the enhanced water category.
  • Consumer preference to avoid single use, plastic bottles

what is your success story?

Contact us
Subscribe for free resources
& news updates.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form