M&A Deal Summary

Aphria Acquires SweetWater Brewing

On November 4, 2020, Aphria acquired beverage company SweetWater Brewing from TSG Consumer Partners for 300M USD

Acquisition Highlights
  • This is Aphria’s 1st transaction in the Beverages sector.
  • This is Aphria’s 2nd largest (disclosed) transaction.
  • This is Aphria’s 1st transaction in the United States.
  • This is Aphria’s 1st transaction in Georgia.

M&A Deal Summary

Date 2020-11-04
Target SweetWater Brewing
Sector Beverages
Buyer(s) Aphria
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Arlington Capital Advisors LLC (Financial)
Winston & Strawn (Legal)

Target

SweetWater Brewing

Atlanta, Georgia, United States
SweetWater Brewing Co. is an independent craft brewer offering seasonal, and specialty beers, a portfolio of brands closely aligned with a cannabis lifestyle. SweetWater produces a balanced variety of year-round and seasonal specialty craft brews, with SweetWater beverages available in approximately 29,000 off-premise retail locations ranging from independent bottle shops to national chains. SweetWater Brewing Co. was founded in 1997 and is based in Atlanta, Georgia.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Aphria

Leamington, Ontario, Canada

Category Company
Founded 2013
Sector Life Science
Employees1,200
Revenue 561M USD (2020)
DESCRIPTION

Aphria is an operator of a cannabis company with low-cost production of high-quality cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria Inc. is committed to bringing breakthrough innovation to the global cannabis market. The Company’s portfolio of brands is grounded in expertly researched consumer insights designed to meet the needs of every consumer segment. Aphria was founded in 2013 and is based in Leamington, Ontario.


DEAL STATS #
Overall 4 of 4
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 CC Pharma

Densborn, Germany

CC Pharma GmbH is a distributor of pharmaceutical products to more than 13,000 pharmacies. CC Pharma is based in Densborn, Germany.

Buy €25M

Seller(S) 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


DEAL STATS #
Overall 32 of 35
Sector (Beverages) 4 of 4
Type (Add-on Acquisition) 25 of 28
State (Georgia) 1 of 1
Country (United States) 31 of 33
Year (2020) 2 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 ATI Restoration

Anaheim, California, United States

ATI Restoration provides a wide range of restoration, environmental remediation, and reconstruction services across a spectrum of industries and end-markets. ATI Restoration was founded in 1989 and is based in Anaheim, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Canyon Bicycles

Koblenz, Germany

Canyon Bicycles GmbH company engineers, develops, designs, and assembles high-performance road racing, mountain, triathlon, urban and fitness bikes, as well as bicycle parts, accessories, and apparel and sells its products consumer-direct. Canyon bikes are ridden globally at all levels of the sport. The company sponsors top-ranked road and mountain bike teams, including the world number-one ranked Movistar Team, and the reigning triathlon world-champion, Jan Frodeno. Canyon Bicycles was formed in 1985 and is based in Koblenz, Germany.

Sell -