North America’s drinks industry saw a rise of 3.6% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 58 deals worth $2.63bn were announced for the region during Q2 2019, against the last four-quarter average of 56 deals.

Of all the deal types, venture financing saw most activity in Q2 2019 with 32, representing a 55.2% share for the region.

In second place was M&A with 21 deals, followed by private equity deals with five transactions, respectively capturing a 36.2% and 8.6% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s drinks industry with $2.01bn, while private equity and venture financing deals totalled $554.7m and $68.83m, respectively.

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North America drinks industry deals in Q2 2019: Top deals

The top five drinks deals accounted for 97.3% of the overall value during Q2 2019.

The combined value of the top five drinks deals stood at $2.56bn, against the overall value of $2.63bn recorded for the quarter. The top announced drinks deal tracked by GlobalData in Q2 2019 was E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands.

In second place was the $510m private equity deal with Bolthouse Farms by Butterfly Equity and in third place was The Boston Beer’s $300m acquisition of Dogfish Head Brewery.

The $40m private equity deal with Q Tonic by Eurazeo PME and Cambridge Companies SPG, Dwight Funding and Everplus Capital’s venture financing of LIFEAID Drinks Company for $7.7m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.