M&A Deal Summary

Source Global Acquires Proud Source Water

On March 8, 2023, Source Global acquired beverage company Proud Source Water

Acquisition Highlights
  • This is Source Global’s 1st transaction in the Beverages sector.
  • This is Source Global’s 1st transaction in the United States.
  • This is Source Global’s 1st transaction in Idaho.

M&A Deal Summary
Date 2023-03-08
Target Proud Source Water
Sector Beverages
Buyer(s) Source Global
Deal Type Add-on Acquisition

Target

Proud Source Water

Boise, Idaho, United States
website
Proud Source Water is Water Done Different, making a positive impact through a fundamentally different approach to water: caring for the planet, communities, and health all at the same time. The company sources from domestic springs in the Rocky Mountains of Idaho and the Apalachicola Forest of Florida and bottles in infinitely recyclable aluminum. It is naturally alkaline with minerals and electrolytes producing a pH of 8.1+/- without any additives. The water is sustainably produced and bottled directly at the source, leveraging energy-efficient methods to reduce the company's carbon footprint. It is available in Still and Sparkling varieties, with nationwide distribution at retailers, food service establishments, hotels, stadiums, corporate campuses, and online retailers. Proud Source Water is based in Boise, Idaho.

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Buyer(S) 1

Buyer

Source Global

Scottsdale, Arizona, United States

website

Category Company
Sector Beverages
DESCRIPTION

Source Global is a developer of the SOURCE Hydropanel, creating drinking water using sunlight and air as the only inputs, putting the power of safe, high-quality water production into the hands of every person in nearly every climate and corner of the world. The infrastructure-free nature of Hydropanels means that the company has been providing off-grid, renewable drinking water to communities, homes, corporate campuses, hotels, islands without infrastructure, remote work sites, and other applications, now in more than 50 countries on six continents. Source Global is based in Scottsdale, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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