M&A Deal Summary

Corby Acquires Ace Beverage Group

On June 13, 2023, Corby acquired beverage company Ace Beverage Group

Acquisition Highlights
  • This is Corby’s 2nd transaction in the Beverages sector.
  • This is Corby’s 2nd transaction in Canada.
  • This is Corby’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-06-13
Target Ace Beverage Group
Sector Beverages
Buyer(s) Corby
Deal Type Add-on Acquisition

Target

Ace Beverage Group

Toronto, Ontario, Canada
Ace Beverage Group (ABG) is a better-for-you (BFY) beverage alcohol company that operates a flagship brand, Cottage Springs, which is the fastest-growing RTD brand in Canada. Its brands include Ace Hill and Cabana Coast. Ace Beverage Group is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Corby

Toronto, Ontario, Canada
Category Company
Founded 1859
Sector Beverages
Revenue 163M CAD (2023)
DESCRIPTION

Corby is a marketer and distributor of spirits and imported wines. Corby's portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser's®, Lot 40®, Pike Creek® and Gooderham & Worts® Canadian whiskies as well as Lamb's® rum, Polar Ice® vodka and McGuinness® liqueurs. Corby was incorporated in 1859 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Beverages) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Domaine Pinnacle - Spirits Business

Frelighsburg, Quebec, Canada

Domaine Pinnacle - Spirits Business is a producer of spirits.

Buy $12M
Mergr

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