The US drinks industry saw a drop of 11.7% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 53 deals worth $511m were announced in Q3 2019, compared to the last four-quarter average of 60 deals.

Venture financing was the leading category in the quarter with 31 deals which accounted for 58.5% of all deals, followed by M&A with 22 deals which accounted for 41.5% 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 $405.07m, followed by private equity deals totalled $105.93m.

The US drinks industry deals in Q3 2019: Top deals

The top five drinks deals accounted for 82.8% of the overall value during Q3 2019.

Do you see impact on recruitment in your company due to COVID-19 pandemic?

View Results

Loading ... Loading ...

The combined value of the top five drinks deals stood at $423.02m, against the overall value of $511m recorded for the month.

The top five drinks industry deals of Q3 2019 tracked by GlobalData were:

1) Pernod Ricard’s $223m acquisition of Castle Brands

2) The $113m acquisition of Cameron’s Specialty Coffee by Grupo Nutresa

3) The Alkaline Water’s $50.82m acquisition of AquaHydrate

4) The $20m venture financing of Health-Ade by CAVU Venture Partners and First Drinks Ventures

5) Eastside Distilling’s acquisition of Azunia Tequila for $16.2m.

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.