The Grounds for Ballast Point’s $1 Billion Price Tag

Dear Client:We've seen a whole lot of deals this year and none of them come close to the price per barrel Constellation paid for Ballast Point. Obviously, Constellation sees a lot of potential in the brand, but the billion-dollar price tag is astounding. So industry financial advisor Ippolito and Christon Co. modeled a potential 10-year trajectory for Ballast Point that justifies the buyer's billion-dollar price tag. (I/C most recently participated in the sale of Lagunitas and Stone brand rights to