Getty
In recent years, mergers and acquisitions in the wine industry have become increasingly common. During the latter half of 2020 through 2021, however, things progressed to a whole new level.
“2020, ‘21 was probably the greatest year for M&A [mergers and acquisitions] that we’ve ever seen,” says Rob McMillan, executive vice president Silicon Valley Bank (SVB), and founder of its wine division.
Deals included the private equity firm Sycamore Partners’ acquisition of Washington’s Ste Michelle Wine Estates for $1.2B, E. & J. Gallo Winery and Constellation exchanging brands for an estimated $810M, and Duckhorn and Vintage Wine Estates both holding public offerings.