Sprecher Brewing Acquires Juvee, Adding Energy Category to its Roster of Craft Beverages
Jan 18, 2024•over 1 year ago
Acquiring Company
Sprecher Brewing Company
Acquired Company
Juvee
Description
Sprecher Brewing Company, known for its craft beers and award-winning sodas, has acquired Juvee, an energy drink brand previously owned by global gaming and lifestyle brand, 100 Thieves. This acquisition marks Sprecher's entry into the energy drink category and aligns with the company's aggressive growth strategy. Juvee's co-founder, Sam Keene, will join Sprecher as the chief marketing officer, integrating Juvee with the full family of Sprecher beverages. The acquisition also involves relocating Juvee's production, bottling, and warehousing to Sprecher’s headquarters in Greater Milwaukee.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed