Private Equity Group Acquires Licksy Alcohol-Infused Lollipop Formula

A US-based private equity investment group has reached an agreement to acquire the proprietary alcohol-infused lollipop formula developed for Licksy, the innovative adult candy concept founded by entrepreneur Zack Teperman.

The acquisition, which remains pending final legal review, will transfer ownership of the proprietary formula, registered trademarks and associated rights from Teperman and Licksy LLC to the investment group. Financial terms of the transaction were not disclosed.

Licksy LLC was formed earlier this year by Teperman following more than a year of research, development and testing aimed at successfully infusing real alcohol into a hard-candy lollipop while maintaining the alcohol within the finished product.

The formula was originally developed as the foundation for Licksy’s planned consumer launch, with initial varieties including Watermelon Vodka, Apple Vodka and Lemon Drop.

Under the new ownership structure, rather than moving forward solely as the Licksy consumer brand, the investment group plans to introduce and distribute the acquired formula to established alcohol and spirits brand partners beginning in 2027 and beyond. The strategy is expected to provide alcohol brands with the opportunity to explore branded alcohol-infused confectionery products utilizing the proprietary formulation.

“This started as an idea to create something that hadn’t been done before, and seeing the formula now have the opportunity to reach established alcohol brands is an exciting evolution of what we built,” said Teperman. “I’m proud of the work that went into developing Licksy and look forward to seeing where the new ownership takes the concept.”

Additional details surrounding the acquisition and future brand partnerships are expected to be announced following completion of the legal review and closing of the transaction.