Keurig Green Mountain Sold For $14 Billion

Editor’s note: This story has been updated to reflect the information is from BUSINESS WIRE.

K-Cups net big bucks.

Waterbury, Vt.-based Keurig Green Mountain Inc., a personal beverage system company, and JAB Holding Company announced on Monday that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92.00 per share in cash, or a total equity value of approximately $13.9 billion, according to the company’s press release.

JAB is acquiring Keurig Green Mountain in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts B.V., including Mondelēz International and entities affiliated with BDT Capital Partners, according to company officials.

Burlington developer Gutierrez Co. sold the Keurig Green Mountain office complex at 53 South Ave., Burlington, for $120 million.

At the close of the transaction, according to the press release. Keurig Green Mountain will be privately owned and will continue to be operated independently by the company’s management team and employees. Keurig Green Mountain will reportedly remain headquartered in Waterbury, VT.

Transaction Details

The transaction is not subject to a financing condition and is expected to close during the first calendar quarter of 2016, subject to customary closing conditions, including receipt of regulatory approvals.

About JAB Holding Company

JAB Holding Company is a privately held group focused on long-term investments in companies with premium brands, attractive growth and strong margin dynamics in the Consumer Goods category, according to the company’s website.

Sign-up for your free Burlington Patch daily newsletter and news alerts, follow Burlington Patch on Facebook, or send newstips to burlington@patch.com.