M&A Deal Summary

Kings & Convicts Brewing Co. Acquires Ballast Point Brewing & Spirits

On December 3, 2019, Kings & Convicts Brewing Co. acquired beverage company Ballast Point Brewing & Spirits from Constellation Brands

Acquisition Highlights
  • This is Kings & Convicts Brewing Co.’s 1st transaction in the Beverages sector.
  • This is Kings & Convicts Brewing Co.’s 1st transaction in the United States.
  • This is Kings & Convicts Brewing Co.’s 1st transaction in California.

M&A Deal Summary

Date 2019-12-03
Target Ballast Point Brewing & Spirits
Sector Beverages
Buyer(s) Kings & Convicts Brewing Co.
Sellers(s) Constellation Brands
Deal Type Divestiture

Target

Ballast Point Brewing & Spirits

San Diego, California, United States
Ballast Point Brewing & Spirits, Inc. is a provider of spirits, beers and other alcoholic beverage products. Ballast Point Brewing & Spirits is based in San Diego, California.

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Buyer(S) 1

Buyer

Kings & Convicts Brewing Co.

Highwood, Illinois, United States

Category Company
Sector Beverages
DESCRIPTION

Kings & Convicts Brewing Co. is a craft brewery. Kings & Convicts Brewing is based in Highwood, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Constellation Brands

Victor, New York, United States

Category Company
Founded 1945
Sector Beverages
Employees10,600
Revenue 10.0B USD (2025)
DESCRIPTION

Constellation Brands is an international beverage alcohol company with many products recognized as leaders in their respective categories and geographic markets. The Company is the third-largest producer and marketer of beer for the U.S. market and the world’s leading premium wine company with a leading market position in the U.S. and Canada. Constellatino's wine portfolio is complemented by select premium spirits brands and other select beverage alcohol products. Constellatino is also the largest multi-category supplier (beer, wine and spirits) of beverage alcohol in the U.S. Contellation's customers include wholesale distributors, retailers, on-premise locations and government alcohol beverage control agencies. Constellation Brands was incorporated in 1945 and is based in Victor, New York.


DEAL STATS #
Overall 6 of 12
Sector: Beverages M&A 6 of 12
Type: Divestiture M&A Deals 6 of 12
State: California M&A 1 of 1
Country: United States M&A 3 of 8
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Canopy Growth

Smiths Falls, Ontario, Canada

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Nobilo

Auckland, New Zealand

Nobilo is a manufacturer of wines are distinctive, crisp, fresh and bursting with flavor. Nobilo was formed in 1943 and is based in Auckland, New Zealand.

Sell $130M