M&A Deal Summary

SYSTM Acquires Chameleon Organic Coffee

On June 15, 2022, SYSTM acquired beverage company Chameleon Organic Coffee from Nestle USA

Acquisition Highlights
  • This is SYSTM’s 1st transaction in the Beverages sector.
  • This is SYSTM’s 1st transaction in the United States.
  • This is SYSTM’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-06-15
Target Chameleon Organic Coffee
Sector Beverages
Buyer(s) SYSTM
Sellers(s) Nestle USA
Deal Type Divestiture

Target

Chameleon Organic Coffee

Austin, Texas, United States
Chameleon Organic Coffee is a purveyor of bottled cold-brew coffee. Providing a one-of-a-kind, completely customizable coffee experience, Chameleon uses certified organic, responsibly sourced coffee. Chameleon's proprietary brewing process produces a super smooth, less acidic, highly caffeinated coffee that can be enjoyed hot or cold. Chameleon Organic Coffee was founded in 2010 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

SYSTM

San Francisco, California, United States
Category Company
Sector Business Services
DESCRIPTION

SYSTM is a consumer products brand platform. The Company utilize our collective experience, expertise and network to create, partner with, and acquire brands that take a results-driven approach to product development, and seek to expand and scale their brands thoughtfully and profitably.

DEAL STATS #
Overall 1 of 2
Sector (Beverages) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 HUMM Kombucha

Bend, Oregon, United States

HUMM Kombucha is a drinkable kombucha and favorite amongst families, athletes and wellness seekers. HUMM Kombucha was founded in 2009 and is based in Bend, Oregon.

Buy -

Seller(S) 1

SELLER

Nestle USA

Glendale, California, United States
Category Company
Founded 1990
Sector Food
DESCRIPTION

Nestlé USA makes delicious, convenient and nutritious food and beverage products that make good living possible.

DEAL STATS #
Overall 5 of 5
Sector (Beverages) 3 of 3
Type (Divestiture) 4 of 4
State (Texas) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Essentia Water

Bothell, Washington, United States

Essentia Water is a provider of enhanced, alkaline water. Essentia uses a proprietary process that results in electrolyte-enhanced water with an alkaline 9.5 pH. Essentia hydrates restore and balances to promote optimal health. Led by founder Ken Uptain, the Company has grown rapidly in recent years, expanding distribution across North America. Essentia Water was founded in 1998 and is based in Bothell, Washington.

Buy $192M
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