Eldorado Artesian Springs, Inc. was founded on April 1, 1983, when partners Doug Larson, Jeremy Martin, and Kevin Sipple purchased many of the Eldorado Springs Resort properties from the Fowler family. At that time, the company became owners of 40 acres of land, the springs, eleven wells, water rights, bottling plant, warehouse, resort pool, and numerous other homes and buildings.
The company began operations by initiating a five gallon delivery service to homes and businesses and by restoring and opening the spring-fed swimming pool. Steady growth necessitated that the company expand its bottling and warehouse space. To meet this need the company arranged with Boulder County zoning officials to allow production in the former dance hall. This increased useable floor space by 10,000 square feet.
In April of 1986, Eldorado Artesian Springs, Inc. became a public company. This was accomplished through an acquisition and merger with a company which was already publicly owned. The resulting influx of capital spawned a period of substantial growth and also allowed for the installation of a one gallon filling operation. One gallon sales commenced in March of 1988. So unique was the packaging, that the company was featured on USA Today.