1、Internal Use3ALCOHOL DISRUPTION SPARKS INCREASE IN BEVERAGE MARKET M&ABEVERAGE SECTOR UPDATE|FEBRUARY 2025Internal UseTABLE OF CONTENTSCONTACT OUR BEVERAGE SECTOR BANKERKey Sector TakeawaysBeverage Sector Continues to Face Headwinds Moving to 2025Beverage M&A Rebounds,Optimistic Outlook for Wholesal

2、ersPrivate Equity Returns,Sector Valuations Hold StrongNotable M&A Transactions by SubsectorCapstone Advises Horizon Beverage in Strategic AcquisitionSelect Beverage Sector Transactions Public Company Data:Alcoholic BeveragesPublic Company Data:Non-Alcoholic BeveragesBeverage Report ContributorsFirm

3、 Track RecordCapstones Proprietary Research Reveals Top Services in DemandEndnotes45678910111213141516Robert MarksDirector 773-505- Internal Use Preliminary Analysis Feasibility Study ESOP Implementation Design&ExecutionESOP A Transaction Advisory Interim Management Performance Improvement Litigatio

4、n SupportFinancial Advisory Equity Advisory Debt Advisory Infrastructure FinanceCapital Advisory Sell-side Advisory Buy-side Advisory Recapitalizations Mergers&Joint VenturesMergers&AcquisitionsSign Up for Sector Insights.Delivering timely,sector-specific intelligence to your inboxOne of our core ca

5、pabilities is to deliver sector-specific intelligence designed specifically for sector leaders,private equity firms and their advisors.Our sector reports and featured articles deliver real-time access to key sector data including:Emerging sector trendsAcquirer and investor appetitesMergers&acquisiti

6、ons market analysisNotable transactionsPublic company dataReceive email updates with our proprietary data,reports,and insights as theyre published for the sectors that matter to you most.A DIFFERENT KIND OF FIRM.BUILT FOR THE MIDDLE MARKET.SubscribeCapstone Partners,a subsidiary of Huntington Bancsh