Ryan Lake Talks M&A Environment in Craft

Dear Client:M&A in beer this year has been one for the record books. How did it get to this point? Ryan Lake, director at First Beverage Group, reviewed that, as well as what to expect going forward at the Brewbound Session in San Diego yesterday.THE RISE OF MULTIPLES. Looking back almost a decade, we see that from 2007-2013 EBITDA multiples were generally 6x-12x. In 2014, the multiples jumped significantly to a range of 10x-15x. This year they've "increased almost exponentially"