The partnership will provide Lalo with strategic sales support and access to an expanded distribution network.

'I've known the Lalo founders for a long time. They care about the juice. They keep it simple. They do things the right way, not the flashy way. That felt like home to us,” said Tito Beveridge, founder of Tito's Handmade Vodka.

The transaction is subject to customary closing conditions, including required regulatory approvals, and is anticipated to close in the near future.