Esteemed luxury wine company The Duckhorn Portfolio will be acquired by Los Angeles-based private equity firm Butterfly Equity for $1.95 billion in an all-cash transaction, according to a Monday press release.
Napa Valley’s esteemed Duckhorn Vineyards was first established in 1976, and quickly became popular for its high-end expressions of Merlot. The brand has since expanded to a full portfolio of premium brands including Decoy, Kosta Browne, Goldeneye, and more. The company also acquired Sonoma-Cutrer in November 2023, growing their presence in the white wine category with the third-largest luxury Chardonnay brand in the U.S. According to Shanken’s Impact Databank, Duckhorn is now the 20th-largest wine marketer in the U.S. by volume, selling 2.6 million cases last year.
