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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.

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 totaled $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.

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.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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