Category Archives: Acquisitions

Maryland Investment Firm Takes Stake in Pepin Distributing

Posted on July 14, 2021 by Joel Whitaker

Redwood Capital Investment, the private equity unit of Baltimore billionaire Jim Davis, cofounder of Allegis Group, the largest staffing firm in the U.S., is taking a stake in Pepin Distributing, the Anheuser-Busch distributor in Tampa for five decades.  Terms weren’t … Continue reading →

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‘Capitalism Without Competition Isn’t Capitalism. It’s Exploitation.’

Posted on July 12, 2021 by Joel Whitaker

That remark by President Joseph R. Biden should send chills down the spines of many top executives in the bev/al industry at all three levels, because the net effect of much of the merger and acquisition activity in the last … Continue reading →

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Altria to Sell Ste. Michelle to Private Equity Group

Posted on July 12, 2021 by Joel Whitaker

While we were on vacation, Ste. Michelle Wine Estates was sold by Altria, the huge tobacco firm, to Sycamore Partners Management, a private equity firm specializing in consumer, retail, and distribution investments.  The transaction is an all-cash, $1.2 billion deal … Continue reading →

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Moët Hennessy and Campari Group to partner in a 50/50 joint venture to create a premium pan-European Wines & Spirits e-commerce player through Tannico

Posted on July 12, 2021 by Joel Whitaker

Campari will be contributing its stake in Tannico to the JV.  Tannico focuses on online sales of wines and premium spirits under the Tannico brand.  Some 92% of its business is to consumers, and it has a 30% share of … Continue reading →

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Delicato Acquisition of Coppola Winery Creates 5th Largest Supplier of Above-$11 Wines in U.S.

Posted on June 24, 2021 by Joel Whitaker

The combined entity will also be the fifth-largest supplier by volume across all price points and the No. 3 exporter of California wines.  Terms weren’t disclosed. The transaction is subject to regulatory approval. Under the terms of the agreement, the … Continue reading →

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Kopf Vineyards Buys 21.5-Acre Vineyard from Sequoia Grove

Posted on June 23, 2021 by Joel Whitaker

The sale was reported by Wine Business Insider.  We could not independently verify it, and terms were not disclosed.   Wine Business quoted Sequoia Grove’s president as saying fruit from the vineyard will supply Sequoia Grove.

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