Spirit of Gallo Acquires Fishers Island Lemonade

Southern Glazer's Wine & Spirits Acquires Horizon Beverage Group

July 25, 2024

Logistics & Distribution

Southern Glazer's Wine & Spirits has agreed to acquire Horizon Beverage Group, Inc., adding Horizon's Massachusetts and Rhode Island operations, portfolio, warehouse capacity and delivery fleet to Southern Glazer's U.S. footprint. The transaction expands Southern Glazer's presence into the two states and will keep Horizon's current leadership and family owners involved through the transition.

Gryphon Investors Acquires Majority Stake in Spindrift Beverage Co.

January 14, 2025

Food & Beverage

Gryphon Investors will acquire a majority stake in Spindrift Beverage Co., a Newton, Massachusetts-based maker of sparkling water and other fruit-based beverages, with founder Bill Creelman and the management team retaining a significant equity stake. The investment coincides with the appointment of Dave Burwick as CEO and is intended to provide financial and operational resources to accelerate the brand's growth; the deal is expected to close in Q1 2025 (terms not disclosed).

E. & J. Gallo Winery Acquires Bev

June 1, 2023

Food & Beverage

E. & J. Gallo Winery has acquired Bev, the woman-founded canned-wine and spritzer brand founded by Alix Peabody in Venice, California. The deal expands Gallo's portfolio into Bev's premium zero-sugar canned wines and aims to broaden the brand's consumer reach and distribution; terms were not disclosed and Peabody will remain involved with the brand.

Sazerac Company Acquires BuzzBallz (Southern Champion)

March 25, 2024

Food & Beverage

Sazerac Company has acquired BuzzBallz (dba Southern Champion), the Dallas-area ready-to-drink cocktail maker founded by Merrilee Kick. The deal will add BuzzBallz's spherical RTD cocktail portfolio to Sazerac’s spirits platform and support international and U.S. distribution expansion; financial terms were not disclosed.

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.

Newport Craft Distilling Acquires KEEL Vodka

June 12, 2024

Food & Beverage

Newport Craft Distilling has acquired KEEL Vodka, bringing the premium light spirit into Newport Craft's portfolio alongside brands such as White Squall Vodka & Gin and Thomas Tew Rums. The deal will return KEEL production to Rhode Island, expand Newport Craft's vodka offerings, and support local manufacturing and job creation.