![]() ![]() Vinesse has approximately $20 million in revenue, and Roney stated the acquisition equated to about 12 times earnings before interest, taxes, depreciation and amoritization, a common metric for acquisitions. We also see significant potential opportunities for revenue expansion as we blend the talent of Vinesse’s traditional marketing skills with our digital capabilities, particularly through cross-selling into Vinesse’s channel and upselling our luxury brands to their club members.” “We believe we can create significant cost synergies by bringing wine making and distribution in house and marketing VWE’s brand portfolio through their channels. Vinesse currently outsources virtually all of their operations,” Pat Roney, CEO of VWE, stated in the announcement. “We are rapidly expanding our DTC capabilities and Vinesse is an excellent addition to the platform. VWE is acquiring Vinesse for $14 million in cash with a $2.5 million earnout over a three-year period subject to meeting certain revenue and profitability conditions Vinesse, based in Westlake Village, has 60,000 members, Vintage reported, and was founded in 1993. ![]() Santa Rosa-based Vintage Wine Estates, with wineries throughout Napa and Sonoma counties and the West Coast, has required “substantially all of the assets” of direct to consumer platform provider Vinesse LLC. ![]()
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