Meritage explores $2 billion sale of Columbia Distributing, sources say
) Group is exploring the potential sale of Columbia Distributing that could value the U.S. beverage distributor at about $2 billion, including debt, according to people familiar with the matter.
Potential buyers of Columbia include family offices, private equity firms, and rival beverage distributors, many of which are family-owned, the sources said, cautioning that a deal is not guaranteed. In 1993, Maletis' grandson Ed Maletis bought the rights to distribute the Miller Brewing brand for the Portland market, thus expanding the company's coverage of the Pacific Northwest. Columbia currently distributes more than 300 brands including Red Bull,
Meritage, which manages about $12 billion of assets as of January this year, invests in areas including public and private equity, credit and real estate. It has offices in New York City, San Francisco, and Greenwich, Connecticut.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitstamp to Start Distributing Mt. Gox Proceeds on ThursdaySheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
Read more »
Pa. Health Department distributing 50K care kits to treat xylazine-related woundsThe kits have been distributed to more than 200 medical and harm reduction oganizations to help those with substance use disorder.
Read more »
Federal indictment accuses 15 people of trafficking drugs from Mexico and distributing in MinnesotaFederal authorities have indicted 15 people on charges of trafficking illegal drugs from Mexico and distributing them in Minnesota, including a man from that state they identified as leader of the operation. U.S.
Read more »
Federal indictment accuses 15 people of trafficking drugs from Mexico and distributing in MinnesotaFederal authorities have indicted 15 people on charges of trafficking illegal drugs from Mexico and distributing them in Minnesota, including a man from that state they identified as leader of the operation
Read more »
Man pleads guilty to distributing fentanyl-laced cocaine that killed 4 California residentsFederal prosecution of Jason Saha was part of a push to begin holding fentanyl dealers responsible for the deaths they cause.
Read more »
NJ soccer coach accused of distributing sexual images of childrenRyan Gunsauls, 32, of Union Beach, NJ, is charged with endangering the welfare of a child by manufacturing child sexual abuse material.
Read more »