M&A Deal Summary

Primo Water Acquires DSS Group

On December 12, 2014, Primo Water Corporation acquired beverages company DSS Group, Inc. 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 1st 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, Inc.
Sector Beverages
Buyer(s) Primo Water Corporation
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 LLP (Legal)

Target

DSS Group, Inc.

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 Corporation

Mississauga, Ontario, Canada

website


Category Company
Founded 1955
SectorBeverages
Employees10,900
Revenue 2.0B USD (2020)
DESCRIPTION

Primo Water is a producer of beverages on behalf of retailers, brand owners and distributors. Primo Water produces multiple types of beverages in a variety of packaging formats and sizes, including carbonated soft drinks, 100% shelf stable juice and juice-based products, clear, still and sparkling flavored waters, energy products, new age beverages, and ready-to-drink teas, as well as alcoholic beverages for brand owners. Primo Water was founded in 1955 and is based in Mississauga, Ontario.


DEAL STATS #
Overall 4 of 19
Sector (Beverages) 3 of 14
Type (Add-on Acquisition) 4 of 17
State (Georgia) 1 of 1
Country (United States) 1 of 11
Year (2014) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Aimia Foods Ltd.

Haydock, United Kingdom

Aimia Foods Ltd. is a food and beverage manufacturer.

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

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
SizeMega
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 22
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (Georgia) 2 of 2
Country (United States) 7 of 16
Year (2014) 4 of 4
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-07 Endurance Lift Solutions LLC

Gainesville, 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 Gainesville, Texas.

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

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 -