Updated:
Flo Works International
Flo Works International is the private investment vehicle for Stewart and Lynda Resnick, the billionaire couple behind The Wonderful Company.
Flo Works International
Flo Works International is the private investment vehicle for Stewart and Lynda Resnick, the billionaire couple behind The Wonderful Company. The Resnicks amassed their fortune by acquiring and scaling iconic consumer brands in the food, beverage, and floral industries — including POM Wonderful pomegranate juice, Fiji Water, Wonderful Pistachios, and Teleflora — as well as through the ownership of vast agricultural acreage in California's Central Valley. Their wealth is inextricably tied to water: they control a majority stake in the Kern Water Bank, one of California's largest privately held water storage facilities, making their position in water rights a foundational asset. The family office deploys capital across a concentrated set of strategies that mirror the Resnicks' operating experience. Primary commitments span branded food and beverage companies, water-resource infrastructure, and agricultural technology investments. The portfolio is understood to include direct real estate holdings related to farming operations and water-adjacent assets in California, as well as minority stakes in consumer-product businesses that complement The Wonderful Company's existing brand portfolio. Geographic focus centers on the Western United States, with select international exposure through the supply chains and distribution networks of the operating businesses. The firm does not solicit outside capital and has maintained a low-profile investing posture, making its full portfolio scope difficult to map from the outside. The Resnicks operate their business and investment activities through a tightly integrated structure in which Flo Works International and The Wonderful Company share headquarters in Los Angeles, with operational bases in California's Central Valley. The family maintains extensive philanthropic commitments through the Resnick Foundation, with gifts exceeding $750 million to institutions including Caltech, UCLA, and local Los Angeles arts and education organizations. The firm's investment team is small relative to the asset base, favoring deep operator expertise over financial-intermediation scale. Flo Works International stands apart from typical single-family offices in its fusion of an operating company and an investment office into a single economic engine. Rather than managing a pool of liquid financial assets generated by a liquidity event, the Resnicks allocate from a living, cash-flowing set of businesses that remain under their active control — making Flo Works less a post-exit wealth manager and more a capital-recycling partner to the family's ongoing industrial operations.
General information
Firm type
Single Family Office
Year founded
—
AUM
$5B - $10B (Altss estimate)
Location
Region
North America
Country
United States
City
Pasadena
Corporate office
Pasadena, CA, United States
Principals
Stewart Resnick
Principal
Lynda Resnick
Principal
Sector focus
Frequently asked questions
Who owns Flo Works International?
Flo Works International is the family office of Stewart and Lynda Resnick. They are the founders and owners of The Wonderful Company, the privately held conglomerate behind brands such as POM Wonderful, Fiji Water, Wonderful Pistachios, HALO mandarins, and Teleflora. Forbes estimates the couple's net worth at over $10 billion, making them among the wealthiest families in California.
What is the firm's relationship to The Wonderful Company?
Flo Works International operates as the private investment arm that sits alongside The Wonderful Company, the Resnicks' consumer-products and agricultural enterprise. The two entities are functionally intertwined: The Wonderful Company generates operating cash flows from its branded-food and beverage businesses, and Flo Works International recycles that capital into new investments that often share thematic overlap with the family's core agricultural and water-resource holdings.
What role do water rights play in the family's investment strategy?
The Resnicks' controlling interest in the Kern Water Bank — the largest privately held water storage facility in California, with a capacity of 1.5 million acre-feet — represents a foundational asset that underpins their entire agricultural portfolio. Water-resource investments and adjacent infrastructure are a central theme, giving the family office a structural exposure to California water economics that few other allocators can replicate.
Does Flo Works International manage outside capital?
No. Flo Works International is a single-family office that exclusively manages the Resnicks' capital. It does not solicit or accept third-party investor commitments, operating purely as a proprietary allocator alongside the family's wholly owned operating businesses.
How does the family approach philanthropy?
Philanthropy is conducted separately from the investment office through the Resnick Foundation. The foundation has made landmark gifts exceeding $750 million, including a $30 million gift to Caltech for sustainability research and a $50 million donation to UCLA for a neuropsychiatric hospital. While distinct from Flo Works International, the foundation reflects the same integrated thinking around water, agriculture, and health that defines the family's operating and investment activities.
What distinguishes Flo Works International from a typical post-exit family office?
Unlike family offices formed after a single liquidity event, Flo Works International invests from a set of perpetually cash-generating operating businesses that the Resnicks continue to manage. This structure means the investment office functions as a capital-allocation partner to a living conglomerate rather than a passive wealth-preservation vehicle, giving it a permanent deal-sourcing advantage through the family's ongoing industrial operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: