Add-on Acquisition • Beverages

Agrify Acquires Señorita Drinks

On November 12, 2024, Agrify acquired beverage company Señorita Drinks

Acquisition Context
  • This is Agrify’s 1st transaction in the Beverages sector.
  • This is Agrify’s 4th transaction in the United States.

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M&A Deal Summary

Date November 12, 2024
Target Señorita Drinks
Sector Beverages
Buyer(s) Agrify
Deal Type Add-on Acquisition

Target Company

Señorita Drinks

United States
Señorita Drinks offers consumers HDLT beverages that mirror well-known cocktails like a margarita – in two flavors – classic and mango. Señorita offers a low-sugar, low-calorie alternative to alcoholic beverages.
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Buyer Overview 1

Buyer

Agrify

Troy, Michigan, United States

Category Company
Founded 2016
Sector Agriculture
Employees39
Revenue 10M USD (2024)
DESCRIPTION

Agrify develops precision hardware and software grow solutions for the indoor agriculture marketplace. The company offers vertical farming units, integrated grow racks, and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It provides associated services comprising consulting, engineering, and construction. Agrify was founded in 2016 and is based in Troy, Michigan.


Deal Context for Buyer #
Overall 4 of 4
Sector: Beverages 1 of 1
Type: Add-on Acquisition 2 of 2
Country: United States 4 of 4
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Lab Society

Boulder, Colorado, United States

Lab Society is developing state-of-the-art distillation and solvent separation extraction solutions for the cannabis and hemp industry. Lab Society proprietary software, EliteLab provides the comprehensive ability to maximize hardware utilization featuring control of temperature control units (TCUs), pressure controllers and gauges, balances, and scales, and agitation stir controllers. Lab Society was founded in 2015 and is based in Boulder, Colorado.

Buy $8M