Alto Ingredients Acquires Eagle Alcohol Company
January 14, 2022
Alto Ingredients, Inc. acquired Eagle Alcohol Company LLC, a St. Louis-based distributor of specialty alcohols, in a transaction announced January 2022. The deal (closed Jan. 14, 2022) was funded with cash on hand for a base purchase price of $14.0 million plus an estimated $1.3 million working capital adjustment and includes up to $14.0 million of contingent consideration; Alto said the acquisition is immediately accretive and expected to increase Adjusted EBITDA by $7–9 million annually.
- Buyers
- Alto Ingredients, Inc.
- Targets
- Eagle Alcohol Company LLC
- Sellers
- Shareholders of Eagle Alcohol Company LLC
- Industry
- Manufacturing
- Location
- Missouri, United States
- Transaction Type
- Buyout
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