Estimated Preliminary Control (100%) Closed Transaction verified Beverages

Ballast Point Brewing & Spirits acquired by Constellation Brands, Inc.

Constellation Brands, Inc. acquired Ballast Point Brewing & Spirits, a US beverage brand, on Dec 16, 2015.

Preliminary: The transaction value and EV/EBITDA are not yet independently verified.

Transaction summary

Target
Ballast Point Brewing & Spirits
Announced
2015-11-16
Completed
2015-12-16
Geography
United States
Type
Acquisition
Deal type
Control
Stake acquired
100%
First added
2026-10-31
Latest update
2026-10-31

Value and multiples

100% enterprise value

USD 1.0B

Unverified

100% enterprise value | USD

Basis: Estimated

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

8.7x

Period: CY2015

Basis: Public source

EV / EBITDA

16.5x

Unverified

EBITDA basis not stated

Basis: Estimated

Amounts paid and other reported values

Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.

Consideration: USD 1.0B

Multiples use revenue of US$115m (CY2015).

Basis

  • Approximate value: US$1bn. Multiples use expected 2015 sales of US$115m and projected 2016 EBITDA of about US$61m: Constellation described the price as a mid-to-high-teens multiple, and 16.5x is the midpoint of 15-18x.

Source summary

Constellation Brands Form 8-K Exhibit 99.1 (Nov. 16, 2015)

Estimated

Constellation Brands plans to purchase Ballast Point Brewing & Spirits for approximately $1 billion.

Open source

Continue your research

Explore more comps →