M&A Deal Summary

Keurig Dr Pepper Acquires Nutrabolt

On December 8, 2022, Keurig Dr Pepper acquired consumer products company Nutrabolt from MidOcean Partners

Acquisition Highlights
  • This is Keurig Dr Pepper’s 1st transaction in the Consumer Products sector.
  • This is Keurig Dr Pepper’s 4th transaction in the United States.
  • This is Keurig Dr Pepper’s 2nd transaction in Texas.

M&A Deal Summary

Date 2022-12-08
Target Nutrabolt
Sector Consumer Products
Buyer(s) Keurig Dr Pepper
Sellers(s) MidOcean Partners
Deal Type Add-on Acquisition

Target

Nutrabolt

Austin, Texas, United States
Nutrabolt produces a line of sports nutrition products under the Cellucor, Neon Sport and Royal Sport brands that have a focus on innovative performance powders and supplements across a wide range of categories, including pre-workout, protein and post-workout recovery. Nutrabolt was founded in 2002 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Keurig Dr Pepper

Burlington, Massachusetts, United States

Category Company
Founded 1981
Sector Beverages
Employees28,100
Revenue 14.8B USD (2023)
DESCRIPTION

Keurig Dr Pepper is a coffee and beverage company in North America. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single-serve coffee brewing system in the U.S. The Company maintains an unrivaled distribution system that enables its portfolio of more than 125 owned, licensed and partner brands to be available nearly everywhere people shop and consume beverages. With a wide range of hot and cold beverages that meet virtually any consumer need, KDP key brands include Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott’s® and The Original Donut Shop®. Keurig Dr Pepper was founded in 1981 and is based in Burlington, Massachusetts.


DEAL STATS #
Overall 5 of 7
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (Texas) 2 of 2
Country (United States) 4 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Atypique

Saint-Hyacinthe, Quebec, Canada

Atypique is a cocktail brand offering in the emerging and fast-growing non-alcohol cocktail segment, providing a range of ready-to-drink cocktails, such as margaritas, gin & tonic, and mojitos. Atypique is based in Saint-Hyacinthe, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 Kalil - Production Sales & Distribution Assets

Tempe, Arizona, United States

Kalil's Production, Sales & Distribution Assets offers production, sales, and distribution assets of independent bottler.

Buy -

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 35 of 36
Sector (Consumer Products) 10 of 11
Type (Add-on Acquisition) 18 of 18
State (Texas) 1 of 2
Country (United States) 30 of 31
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Pragmatic Institute

Phoenix, Arizona, United States

Pragmatic Institute is an operator of a corporate training company focused on serving product management and marketing professionals. Pragmatic Institute’s product management framework and world-class instructors are recognized as best-in-class by leading technology companies throughout the world. Pragmatic Institute was founded in 1993 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 QualiTech

Chaska, Minnesota, United States

QualiTech is a family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services. QualiTech was founded in 1967 and is based in Chaska, Minnesota.

Buy -