M&A Deal Summary

Primo Water Acquires DSS Group

On December 12, 2014, Primo Water acquired beverage company DSS Group from Crestview Partners for 1.3B USD

Acquisition Highlights
  • This is Primo Water’s 3rd transaction in the Beverages sector.
  • This is Primo Water’s largest (disclosed) transaction.
  • This is Primo Water’s 1st transaction in the United States.
  • This is Primo Water’s 1st transaction in Georgia.

M&A Deal Summary
Date 2014-12-12
Target DSS Group
Sector Beverages
Buyer(s) Primo Water
Sellers(s) Crestview Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Barclays Investment Bank (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

DSS Group

Atlanta, Georgia, United States
DSS Group Inc. is a bottled water and coffee direct-to-consumer services provider in the United States.

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Buyer(S) 1

Buyer

Primo Water

Tampa, Florida, United States

website

Category Company
Founded 1955
Sector Beverages
Employees9,230
Revenue 2.0B USD (2020)
DESCRIPTION

Primo Water provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. Primo Water was founded in 1955 and is based in Tampa, Florida.

DEAL STATS #
Overall 4 of 21
Sector (Beverages) 3 of 15
Type (Add-on Acquisition) 4 of 19
State (Georgia) 1 of 2
Country (United States) 1 of 13
Year (2014) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Aimia Foods

Haydock, United Kingdom

Aimia Foods Ltd. is a food and beverage manufacturer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Aquaterra

Toronto, Ontario, Canada

Aquaterra Corporation Ltd. is a distributor and manufacturer of large format bottled water.

Buy CA$62M

Seller(S) 1

SELLER

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 11 of 26
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (Georgia) 2 of 2
Country (United States) 7 of 18
Year (2014) 4 of 4
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-07 Endurance Lift Solution

Midland, Texas, United States

Endurance Lift Solution is a manufacturer, retailer, and distributor of parts and supplies for the oil and gas industry. Endurance Lift Solution was founded in 2014 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 ValueOptions

Norfolk, Virginia, United States

ValueOptions, Inc. is a managed behavioral healthcare services company. The company designs and operates behavioral health care services, including mental health, substance abuse, workplace services and employee assistance programs. ValueOptions serves more than 21 million people through publicly funded, federal and commercial contracts and is a leading provider of behavioral health services to the Fortune 100 list of companies.

Sell -
Mergr

Product

Company

Legal