Add-on Acquisition • Beverages

Pronghorn Acquires Ten To One

On August 23, 2022, Pronghorn acquired beverage company Ten To One

Acquisition Context

This is Pronghorn’s 1st transaction in the Beverages sector.
This is Pronghorn’s 1st transaction in the United States.
This is Pronghorn’s 1st transaction in New York.

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M&A Deal Summary
Date	August 23, 2022
Target	Ten To One
Sector	Beverages
Buyer(s)	Pronghorn
Deal Type	Add-on Acquisition

Target Company

Ten To One

New York, New York, United States

Ten To One is a range of ultra-premium Caribbean rums designed to challenge expectations and change the way people taste, experience, and talk about rum. Ten To One was formed in 2019 and is based in New York City.

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Buyer Overview 1

Buyer

Pronghorn

New York, New York, United States

Category	Company
Founded	2021
Sector	Business Services

DESCRIPTION

Pronghorn is focused on cultivating the next generation of Black entrepreneurs, executive leaders, and founders within the spirits industry. Through sustainable capital investments, incubation, and recruitment programs, Pronghorn removes barriers and grants access to critical resources that empowers untapped talent and emerging Black businesses to reach their full potential. Pronghorn was formed in 2021 and is based in New York City.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Beverages	1 of 1
Type: Add-on Acquisition	1 of 1
State: New York	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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