Constellation Brands Acquires SpikedAde

Constellation Brands Acquires Remaining Interest in HOPWTR

March 27, 2026

Food & Beverage

Constellation Brands has signed an agreement to acquire the remaining interest in HOPWTR, a non-alcoholic sparkling beverage brand made with hops, adaptogens, and nootropics. The deal is expected to close in early April 2026, and HOPWTR will continue operating as it does today with its team involved in guiding future growth.

Generous Brands Acquires Health-Ade Kombucha from First Bev and Manna Tree

August 5, 2025

Food & Beverage

Generous Brands, a premium refrigerated beverage platform backed by Butterfly, signed a definitive agreement to acquire Health-Ade, a fast-growing kombucha brand. The deal was completed in 2024 by acquiring the business from private equity firms First Bev and Manna Tree Partners, which continue as minority shareholders in Generous Brands.

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).

Ace Beverage Group Acquires nude Beverages

August 20, 2024

Food & Beverage

Ace Beverage Group, a subsidiary of Corby Spirit and Wine, has acquired Vancouver-based ready-to-drink alcoholic beverage maker nude Beverages. The deal expands Ace Beverage Group's better-for-you RTD portfolio with nude's vodka soda and related brands; Capital West acted as exclusive financial advisor to nude Beverages.

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.

Next Century Spirits Acquires XED Beverages

November 3, 2022

Food & Beverage

Next Century Spirits (NCS), a Raleigh-area spirits company, has acquired XED Beverages, the New York–based maker of better-for-you ready-to-drink (RTD) brands including SESH and HAPĒ Sake Spritz. The deal adds high-growth RTD brands to NCS's portfolio and aims to accelerate distribution and scale through NCS’s route-to-market, co-packing and white-label capabilities.