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  5. Kona Gold Beverage Acquires Covert

M&A Deal Summary

Kona Gold Beverage Acquires Covert

On March 12, 2024, Kona Gold Beverage acquired consumer products company Covert

Acquisition Highlights
  • This is Kona Gold Beverage’s 1st transaction in the Consumer Products sector.
  • This is Kona Gold Beverage’s 2nd transaction in the United States.

M&A Deal Summary
Date 2024-03-12
Target Covert
Sector Consumer Products
Buyer(s) Kona Gold Beverage
Deal Type Add-on Acquisition

Target

Covert

United States
Covert is specializing in the production and distribution of Delta-8, THCa, THC-P, and Kratom products. Covert is based in United States.

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Buyer(S) 1

Buyer

Kona Gold Beverage

Melbourne, Florida, United States
Category Company
Founded 1997
Sector Beverages
Employees21
Revenue 4M USD (2022)
DESCRIPTION

Kona Gold Beverage is a holding company focused on product development and distribution in the better-for-you and functional beverage sector. Kona Gold Beverage was founded in 1997 and is based in Melbourne, Florida.

DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Ooh La Lemin Lemonade

United States

Ooh La Lemin Lemonade is a brand of lemonade focused on the US market.

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Mergr

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