12 — Strategy
M&A Strategy
Flight targets $1M–$50M mid-market brands — high-value brands that are too small and overlooked by major beverage consolidators.
With a robust pipeline ranging from upstart brands to well-established businesses, Flight has positioned itself as a “go-to” company in the mid-market beverage sector.
Pipeline Examples
| BevCo | $5M revenue |
| SM | $7.5M revenue |
| NatPro | $2M revenue |
| Hank | $9M revenue |
*Names of examples are pseudonyms.
These deals alone add $20M–$25M in revenue within 12–18 months.
Flight’s Model Uses
- Earn-outs
- Flexible structures
- Senior debt for cash-flowing assets
- Convertible facilities for distribution
- 2.0x–3.0x debt/EBITDA ceiling

