1、Food&Beverage Food&Beverage Market MonitorMarket MonitorMergers&AcquisitionsCapital RaiseStrategic AdvisorySpring 20252Source:S&P Capital IQ U.S.Food&Beverage M&A Transaction Volume by Buyer TypeU.S.Food&Beverage Private Placement Transaction VolumeInvestment Banking Commentary2903493122903133562802
2、562717387678369107606476363 436 379 373 382 463 340 320 347 -100 200 300 400 500 600201620172018201920202021202220232024Strategic BuyerFinancial Buyer472525636624598797678524271-100 200 300 400 500 600 700 800 900201620172018201920202021202220232024Food&Beverage Transaction ActivityFood&Beverage Tra
3、nsaction ActivityCOMMENTARYCOMMENTARYIn 2024,a total of 347 M&A transactions were closed in the U.S.Food&Beverage industry,representing a modest 8.4%increase in volume over 2023.With the global non-alcoholic beverage market size projected to double over the next decade,there have been several recent
4、 headline-grabbing transaction announcements in the category.These include PepsiCos announced acquisition of Poppi,Celsius acquisition of Alani Nu,Molson Coors majority investment in ZOA Energy,Keurig Dr Peppers acquisition of GHOST,and Gryphon Investors majority investment in Spindrift.A consistent
5、 staple of the American diet and generally insulated from economic cycles,the highly fragmented baked goods category continues to attract strong interest,particularly from private equity investors.Recent transaction examples include One Equity Partners announced acquisition of CraftMark Bakery,Plati
6、num Equitys and Butterfly Equitys joint acquisition of Rise Baking,and QualiTechs(MidOcean Partners)acquisition of Ellison Bakery.Food&Beverage contract manufacturing companies also remain attractive targets for acquirers seeking to add production capabilities,enter high-growth product categories,an