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M&A Deal Summary

Kona Gold Beverage Acquires Flo Beverages

On February 13, 2020, Kona Gold Beverage acquired beverage company Flo Beverages

Acquisition Highlights
  • This is Kona Gold Beverage’s 1st transaction in the Beverages sector.
  • This is Kona Gold Beverage’s 1st transaction in the United States.
  • This is Kona Gold Beverage’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-02-13
Target Flo Beverages
Sector Beverages
Buyer(s) Kona Gold Beverage
Deal Type Add-on Acquisition

Target

Flo Beverages

Longwood, Florida, United States
Flo Beverages LLC first entered the energy drink market with its SoFlo organic energy drinks, formulated and co-packed in-house, and available throughout Florida. Flo Beverages has since grown and operated out of a 3,000 sq ft facility in Longwood, FL, which is a USDA certified organic co-packing facility. Flo Beverages recently launched LiKuid, an all-organic Ketogenic Energy Drink, available in 3 great tasting flavors, which is currently distributed in Florida and Puerto Rico. Flo Beverages operates a new, state of the art co-packing line and does all formulation in-house.

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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 1 of 2
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 Elev8 Hemp

Dover, Delaware, United States

Elev8 Hemp LLC is a provider of high quality, organic hemp products. Elev8 Hemp Seed Coffee will be the result of the blending of roasted, organic hemp seeds with roasted, organic, Fair-trade Mexican coffee beans that produces a premium, delicious, full-flavored hemp seed coffee that does not leave a bitter after-taste.

Sell -
FOLLOWING 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.

Sell -
Mergr

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