The US drinks industry saw a rise of 52.3% in overall deal activity during Q1 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 67 deals worth $162.92m were announced in Q1 2019, compared to the last four-quarter average of 44 deals.

Venture financing was the leading category in the quarter with 46 deals which accounted for 68.7% of all deals.

In second place was M&A with 20 deals, followed by private equity with one transactions, respectively accounting for 29.9% and 1.5% of overall deal activity in the country’s drinks industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US drinks industry with total deals worth $109.27m, while private equity deals totalled $53.65m.

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US drinks industry deals in Q1 2019: Top deals

The top five drinks deals accounted for 59.9% of the overall value during Q1 2019.

The combined value of the top five drinks industry deals stood at $97.65m, against the overall value of $162.92m recorded for the quarter. The top announced US drinks industry deal tracked by GlobalData in Q1 2019 was Refresco Gerber’s $50m acquisition of Cott Beverages.

In second place was the $32m venture financing of Laird Superfood by WeWork Companies and in third place was CSA Partners and Revolution Ventures’ $8.5m venture financing of Bright Cellars.

The $3.65m asset transaction with Kazbegi Beer by Teliani Valley Winery and Brendan Synnott, Justin Gold and KarpReilly’s venture financing of Rowdy Mermaid Kombucha for $3.5m held fourth and fifth positions, respectively.

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.