TWE to Acquire Napa’s Frank Family Vineyards for $315 Million

Dear Client:  And the acquisition news just keeps rolling in. The latest: Treasury Wine Estates announced it has reached an agreement to acquire Napa Valley-based Frank Family Vineyards for $315 million. That's an acquisition multiple of 13.2X. The deal is expected to close next month.Frank Family Vineyards was founded in 1992 by Rich Frank. The business includes a luxury portfolio across three collections, ranging in price from $38 a bottle to $225. The portfolio is led by chardonnay and supported