M&A Deal Summary

Primo Water Acquires Glacier Water Services

On October 10, 2016, Primo Water acquired beverage company Glacier Water Services for 263M 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 2nd transaction in the United States.
  • This is Primo Water’s 1st transaction in California.

M&A Deal Summary
Date 2016-10-10
Target Glacier Water Services
Sector Beverages
Buyer(s) Primo Water
Deal Type Add-on Acquisition
Deal Value 263M USD
Advisor(s) J.P. Morgan Securities (Financial)
Ervin, Cohen & Jessup (Legal)

Target

Glacier Water Services

Vista, California, United States
website
Glacier Water Services, Inc. is a provider of high-quality drinking water dispensed to consumers through self-service water machines located at supermarkets and other retail locations.

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Buyer(S) 1

Buyer

Primo Water

Winston-Salem, North Carolina, United States

website

Category Company
Founded 2004
Sector Beverages
Revenue 302M USD (2018)
DESCRIPTION

Primo Water is a provider of three-and five-gallon purified bottled water, self-serve filtered drinking water, water dispensers and carbonating beverage appliances sold through major retailers in the United States and Canada. Primo is a Delaware corporation that was founded in 2004 and is headquartered in Winston-Salem, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Beverages) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-09 Culligan of Canada - Drinking Water Refill Business

Brampton, Ontario, Canada

Culligan of Canada Ltd. - Drinking Water Refill Business includes 8-liter purified bottled water exchange business marketed to retailers for resale to consumers.

Buy $5M
Mergr

Product

Company

Legal