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New Deal


Announced

Completed

Ole Smoky Distillery completed the merger with Tanteo Spirits.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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tequila producer

United States

Distillers and Vintners

Domestic

Majority

Private

Merger

Friendly

Completed

Single Bidder

Acquisition

Synopsis

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Ole Smoky Distillery, an American distillery, completed the merger with Tanteo Spirits, a tequila producer. Financial terms were not disclosed. “Tanteo was created to perfect the spicy margarita through its artisanal infusion process, use of real peppers, and commitment to doing things the right way. We are thrilled to join the Ole Smoky team and look forward to taking the brand to new heights while maintaining the high standards that our loyal consumers expect,” Neil Grosscup, Tanteo CEO.

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