Koios Beverage Corp. Acquires Retox Beverage Corp.

Molson Coors Acquires Majority Stake in ZOA Energy

November 8, 2024

Food & Beverage

Molson Coors Beverage Company has acquired a 51% stake in ZOA Energy, the energy drink brand co-founded by Dwayne “The Rock” Johnson and partners; terms were not disclosed. Molson Coors — which previously partnered with ZOA on distribution and invested in September 2023 — will lead the brand’s marketing, retail and direct-to-consumer sales to scale the business and expand its non-alcohol portfolio.

KKR Acquires Majority Stake in Refresco

February 22, 2022

Food & Beverage

KKR has signed a definitive agreement to acquire a majority stake in Refresco Group B.V., the global independent beverage contract manufacturer headquartered in Rotterdam. Existing investors PAI Partners and British Columbia Investment Management Corporation will remain significant minority shareholders; transaction terms were not disclosed. KKR said it will support Refresco's expansion of its global footprint, sustainability initiatives and M&A strategy.

Pentair Acquires Assets of Ken's Beverage, Inc.

April 20, 2021

Industrial Services

Pentair plc has entered into a definitive agreement to acquire the assets of Ken's Beverage, Inc. for approximately $80 million in cash. The acquisition adds a national direct service network — including 30 branches and over 300 trained technicians — to Pentair's commercial water and beverage equipment capabilities and is expected to close in Q2 2021.

Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group

June 13, 2023

Food & Beverage

Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.

Coca-Cola Acquires Remaining 85% of BODYARMOR for $5.6 Billion

November 2, 2021

Food & Beverage

The Coca-Cola Company has acquired the remaining 85% of BODYARMOR for $5.6 billion in cash, giving Coca-Cola full ownership of the premium sports performance and hydration beverage brand. BODYARMOR will be managed as a separate business within Coca-Cola's North America unit and will remain based in New York, with Co-founder Mike Repole and President Brent Hastie continuing under a consulting and transition-services agreement.

Ronnoco Beverage Solutions Acquires Trident Beverage

February 10, 2020

Food & Beverage

Ronnoco Beverage Solutions, the Huron Capital-backed beverage platform, has acquired Houston-based Trident Beverage, a provider of dispensed beverages and dispensing equipment for K-12, convenience and foodservice channels. The deal—Ronnoco's ninth add-on under Huron Capital's ExecFactor strategy—keeps founders John and Patrick Walker with an ownership stake and aims to expand Ronnoco's frozen/cold beverage offerings and geographic/service footprint.