The Duckhorn Portfolio Acquires Sonoma-Cutrer Vineyards from Brown-Forman

Butterfly Equity Acquires The Duckhorn Portfolio for $1.95 Billion

October 7, 2024

Food & Beverage

Los Angeles-based private equity firm Butterfly Equity agreed to acquire The Duckhorn Portfolio (NYSE: NAPA) in an all-cash transaction valued at approximately $1.95 billion, paying $11.10 per share. The deal takes the luxury wine company private; Butterfly intends to scale Duckhorn’s operations, expand distribution, and pursue growth both organically and via strategic acquisitions.

E. & J. Gallo Winery Acquires Denner Vineyards

November 10, 2022

Food & Beverage

E. & J. Gallo Winery purchased Denner Vineyards, including the Denner brand, estate vineyards, winery and tasting room in the Willow Creek District of Paso Robles. The acquisition expands Gallo's luxury wine portfolio with Denner's critically acclaimed Rhône- and Bordeaux-style wines and estate assets.

Vintage Wine Estates Acquires The Sommelier Company

June 22, 2021

Food & Beverage

Vintage Wine Estates, Inc. has acquired The Sommelier Company, a Huntington Beach-based provider of virtual and in-person sommelier-led tasting events and wine education. The acquisition expands Vintage Wine Estates' direct-to-consumer and event services capabilities across corporate and consumer markets.

Foley Family Wines Acquires Ferrari-Carano Vineyards and Winery

June 9, 2020

Food & Beverage

Foley Family Wines has reached an agreement to acquire Ferrari-Carano Vineyards and Winery, including the Ferrari-Carano Estate Winery in Dry Creek Valley, the PreVail Mountain Winery, roughly 3,183 acres of land (1,223 planted acres), tasting rooms, residential properties and winery infrastructure. The acquisition expands Foley's portfolio of estate wineries and gives Foley control of Ferrari-Carano's award-winning brands, vineyards and hospitality operations.

Breakthru Beverage Group Acquires Wine Warehouse (California)

April 17, 2023

Food & Beverage

Breakthru Beverage Group has completed the acquisition of California-based wholesaler Wine Warehouse, which will operate as Breakthru Beverage California. The deal expands Breakthru’s West Region footprint and brings its Aspect fine wine offering and additional sales and commercial capabilities to the California market.

Nexus Capital Acquires Smucker's Natural Beverage and Grains Businesses (R.W. Knudsen, TruRoots)

January 31, 2022

Food & Beverage

The J.M. Smucker Co. completed the sale of its natural and organic beverage and grains businesses — including the R.W. Knudsen and TruRoots assets and trademarks plus a licensing agreement for Santa Cruz Organic beverages — to Nexus Capital Management LP for $110 million in cash (subject to working capital adjustments). The transaction includes manufacturing and distribution facilities in Chico, California and Havre de Grace, Maryland, and Nexus plans to operate the acquired brands as an independent consumer platform led by Bobby Chacko as chairman and CEO.