Livingstone’s Consumer team is pleased to announce the sale of certain assets for Florida Distillers (or the “Company”) to an undisclosed buyer. The deal closed in July 2024, and the terms were not disclosed.
Florida Distillers is a leading full-service distilled spirit and wine beverage company with a portfolio of award-winning brands and the first registered distillery in Florida in 1943.
The Company manages a diverse portfolio of proprietary alcohol brands, including the popular Capriccio Sangria, Deauville (cordials), Ron Carlos (Caribbean rum; US-only) and Mad Dragon (wine-based flavored RTDs; US only). In addition, the Company operates a strategically located distillery that specializes in producing bulk alcohol, including being a leading supplier of OTSOW (other than standard orange wine).
“Our deep expertise in the beverage alcohol sector continues to drive our success, especially as the industry experiences changes. By leveraging our market connections, we were able to find a buyer that was interested in both the brands and production facility,” noted Andrew Bozzelli, Partner at Livingstone.
“We’re excited to have played a key role in making this transaction a success. The Company’s strategically located distillery operation and brand portfolio provide the acquirer with additional production volume, an expanded geographic footprint, and a more diversified portfolio of brands,” added Eric Suh, Director at Livingstone.
This transaction is another success for Livingstone’s beverage alcohol practice, and second in as many months following the MHW / Blue Sage Capital transaction. Other notable transactions for Livingstone in the beverage alcohol sector include: a previous transaction with MHW, RumChata, and GooseIsland.
