Keurig Dr Pepper Has $20 Billion to Spend on M&A. So, Which Brands Do They Buy?

Keurig Dr Pepper (NASDAQ: KDP) expects to have $20 billion in M&A capacity over the next three years, so I thought it would be fun to put on my CEO hat and go shopping! In January 2018, KDP was created when Keurig Green Mountain (owned by JAB Holding Company) agreed to combine with Dr Pepper Snapple Group. At the time of the deal, it was said to “unlock the opportunity to combine hot and cold beverages and create a platform to increase exposure to high-growth formats.” Over the last several years, KDP has proved its merger thesis and is now prepping itself for the next phase by becoming a modern beverage company. To give some additional information that might help you understand some of my M&A predictions, I run through a bit of the extremely intriguing yet secretive heritage of JAB Holding Company. Additionally, I breakdown the current cold beverage and coffee systems segments of the KDP portfolio. With KDP seeking sizable deals that are more complex, resulting in portfolio expansion, distribution scale, geographic expansion, and new capabilities, I focus on five main beverage categories (coffee, non-alcoholic beer and mixers, energy drinks, protein beverages, and water) and provide brands that I believe if acquired by KDP would support its M&A goals.   FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN  https://www.linkedin.com/in/joshuaschallmba TWITTER https://www.twitter.com/joshua_schall INSTAGRAM  https://www.instagram.com/joshua_schall FACEBOOK https://www.facebook.com/jschallconsulting MEDIUM https://www.medium.com/@joshuaschall