Subscribe to PCE Communications
    Choose Your Subscription

    Food & Agriculture Q1 2022

    Q1 2022 Food Agriculture

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Tropicana Products, Inc./Naked Juice Company and Other Select Juice Brands Across North America
    • PAI Partners
    • $3,500.00
    • CANarchy
    • Monster Beverage Corporation
    • $330.00
    • 106 Certain Convenience Store Properties located in regions of the U.S.
    • CrossAmerica Partners LP
    • $277.30
    • Shafer Vineyards
    • Starfield Properties, lnc.
    • $250.30
    • Long Beach Exchange
    • PGIM Real Estate; DJM Capital Partners, Inc.
    • $158.20
    • Natural Beverages and Grains Businesses of The J. M. Smucker Company
    • Nexus Capital Management LP
    • $110.00
    • Kings Group and Premium Italian Charcuterie Brands
    • Rigamonti Salumificio S.P.A.
    • $92.60
    • Meier's Wine Cellars, Inc.
    • Vintage Wine Estates, Inc.
    • $35.00
    • MCG, LLC
    • Medicine Man Technologies, Inc.
    • $30.54
    • Assets of Trees Waterfront, Trees MLK and Trees Portland LLC
    • General Cannabis Corp
    • $10.93

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Stonewall Kitchen, LLC
    • TA Associates Management, L.P.
    • n/a
    • The Bardstown Bourbon Company
    • PPC Investment Partners LP
    • n/a
    • Dehy Alfalfa Mills
    • Market Maker Agriculture
    • n/a
    • Readywise, LLC
    • Goode Partners LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Partida Tequila
    • Lucas Bols N.V.
    • $10.00
    • Business Assets of Betterer Foods, Inc.
    • The Planting Hope Company Inc.
    • $7.00
    • All of the assets of Beanfields, PBC
    • Boosh Plant-Based Brands Inc.
    • $4.56
    • Assets Related to Distributing, Marketing and Selling Cannabis Products
    • Double Brow, LLC
    • $3.50
    • Midnight Madness Distilling LLC
    • Millstone Spirits Group LLC
    • $1.40
    • Substantially all of the assets and certain specified liabilities of Dripkit, Inc
    • NuZee, Inc.
    • $0.75
    • Salt Lake Brewing Co., L.C.
    • PRC Restaurant Company, LLC
    • n/a
    • Frontline Food Services, LLC
    • Sodexo S.A.
    • n/a
    • Alaskan pollock operations of Icicle Seafoods, Inc.
    • Westward Seafoods, Inc.
    • n/a

     

    Source S&P Capital IQ as of 4/4/2022 and PCE Proprietary Data

    PCE Transactions

    eBook- Keys to Selling Your Packaged Food & Beverage Company

    Contacts

    eBook- Keys to Selling Your Agriculture Business

     

    Michael Poole

    Orlando Office

    407-621-2112

    David Jasmund

    Orlando Office

    407-621-2111

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. December, Ryan. "Russia-Ukraine War Threatens Wheat Supply, Jolts Price." The Wall Street Journal, Dow Jones & Company, Inc., 14 Mar. 2022.
    2. Metinko, Chris. "Why VC Investors Are Plowing Record Sums Into Agtech.” Crunchbase News, 10 Feb. 2022.
    3. Gasparro, Annie. “Supply-Chain Challenges Cost Kraft, Kellogg in Cream Cheese, Cereal Sales.” The Wall Street Journal, Dow Jones & Company, Inc., 16 Feb. 2022.
    4. Maltais, Kirk. “Soybean Prices Surge as South American Outlook Deteriorates.” The Wall Street Journal, Dow Jones & Company, Inc., 12 Feb. 2022.
    5. Casey, Chris. “Citrus prices spike 6.8% in February as weather, disease woes continue.” Food Dive, Industry Drive, 14 Mar. 2022.

    Please Share This