M&A Deal Summary

Pronghorn Acquires Ten To One

On August 23, 2022, Pronghorn acquired beverage company Ten To One

Acquisition Highlights
  • This is Pronghorn’s 1st transaction in the Beverages sector.
  • This is Pronghorn’s 1st transaction in the United States.
  • This is Pronghorn’s 1st transaction in New York.

M&A Deal Summary
Date 2022-08-23
Target Ten To One
Sector Beverages
Buyer(s) Pronghorn
Deal Type Add-on Acquisition

Target

Ten To One

New York, New York, United States
Ten To One is a range of ultra-premium Caribbean rums designed to challenge expectations and change the way people taste, experience, and talk about rum. Ten To One was formed in 2019 and is based in New York City.

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Buyer(S) 1

Buyer

Pronghorn

New York, New York, United States
Category Company
Founded 2021
Sector Business Services
DESCRIPTION

Pronghorn is focused on cultivating the next generation of Black entrepreneurs, executive leaders, and founders within the spirits industry. Through sustainable capital investments, incubation, and recruitment programs, Pronghorn removes barriers and grants access to critical resources that empowers untapped talent and emerging Black businesses to reach their full potential. Pronghorn was formed in 2021 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

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