Buyout (LBO, MBO, MBI) • Beverages

Weston Presidio and Northwood Ventures Acquire Lion Beverage

On October 6, 1993, private equity firms Weston Presidio and Northwood Ventures acquired beverage company Lion Beverage

Acquisition Context
  • This is Weston Presidio’s 1st and Northwood Ventures’ 3rd transaction in the Beverages sector.
  • This is Weston Presidio’s 1st and Northwood Ventures’ 12th transaction in the United States.
  • This is Weston Presidio’s 1st and Northwood Ventures’ 4th transaction in Pennsylvania.
Investment Fate
  • Lion Beverage went public in 1996.
  • Lion Beverage was sold to a consortium of financial buyers in 1999.
  • Lion Beverage was sold to a consortium of financial buyers in 2007.
  • Lion Beverage was sold to a financial buyer in 2020.

Explore All 206 Buyout (LBO, MBO, MBI) Beverages Deals - Search the Database Free


M&A Deal Summary

Date October 6, 1993
Target Lion Beverage
Sector Beverages
Buyer(s) Weston Presidio
Northwood Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Lion Beverage

Wilkes-Barre, Pennsylvania, United States
Lion Beverage is a full-service contract manufacturer of specialty beverages including energy drinks, non-alcoholic brewed beverages, better-for-you sodas, and craft beer. Lion Beverage offers brewing, blending, canning, bottling, and packaging services for an array of customers including large national beverage brands. Lion Beverage is based in Wilkes-Barre, Pennsylvania.
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Buyers Overview 2

Buyer

Weston Presidio

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 1 of 43
Sector: Beverages 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 16
State: Pennsylvania 1 of 3
Country: United States 1 of 41
Year: 1993 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-12-01 Morris Air

Salt Lake City, Utah, United States

Morris Air was a regional discount airline based in the Western United States.

Sell $134M
Buyer

Northwood Ventures

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


Deal Context for Buyer #
Overall 13 of 71
Sector: Beverages 3 of 5
Type: Buyout (LBO, MBO, MBI) 7 of 22
State: Pennsylvania 4 of 8
Country: United States 12 of 65
Year: 1993 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 BizTel Communications

Reno, Nevada, United States

BizTel Communicationsnetwork is a provider of last mile wireless communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 New Dartmouth Bank

Manchester, New Hampshire, United States

New Dartmouth Bank, Inc., is a provider of financial services.

Sell -