Diamond Estates Wines & Spirits Inc.

""

Diamond Estates Wines & Spirits Inc. has acquired Equity Wine Group Inc.

Industry:

Wholesale Trade

Diamond Estates Wines & Spirits Inc. has acquired Equity Wine Group Inc. MNP Corporate Finance Inc. provided financial due diligence services to Diamond Estates Wines & Spirits Inc.

Transaction Brief

Equity Wine has wineries in Jordan Station and St. David's, Ontario. Its two wineries, Creekside and Queenston Mile, also produce Red Tractor Wines and Rood Apples Cider and have the rights to produce and distribute Proud Pour Wines. The wineries currently distribute via the LCBO, Ontario grocery stores, more than 400 restaurants, on location, and online for home delivery. Both wineries are highly decorated and recognized for the quality of their wines.

Creekside opened in 1997 and is led by a passionate group of industry veterans with decades of experience in their respective fields. The chosen varietals are unique for the region with a focus on Sauvignon Blanc and Syrah.

Queenston Mile is one of the newest wineries in Niagara and opened in late 2018. The winery focuses on Chardonnay, Pinot Noir, and Sparkling wine — and also hosts Proud Pour Wines, an environmental wine venture raising money to protect pollinators and wild oyster beds.

Diamond Estates Wines and Spirits Inc. is a producer of high-quality wines and a sales agent for more than 120 beverage alcohol brands across Canada. The Company operates two wineries, one in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, EastDell, Lakeview Cellars, Dan Aykroyd, Fresh, McMichael Collection, Seasons, Serenity, and Backyard Vineyards. Through its wholly owned subsidiary, Trajectory Beverage Partners, the Company is the sales agent for many leading international brands in all regions of the country — as well as being a distributor in the western provinces.