Keurig Dr Pepper

Keurig Dr Pepper

Keurig Dr Pepper was formed through the 2018 merger of Keurig Green Mountain and Dr Pepper Snapple Group. The firm manages a North American beverage portfolio covering soft drinks, coffee, water, tea, and mixers. The company does not disclose the principals who run its deal function, nor does it publish a discrete pool of investment capital separate from the corporate balance sheet. The firm deploys capital through corporate M&A, strategic partnerships, and brand incubation. In 2025 it acquired JDE Peet's, the global coffee and tea company, and subsequently named Rafael Oliveira as CEO of the newly created Future Global Coffee Co. (per the firm, 2025). The company also maintains an extended strategic partnership with Nestlé USA for the distribution of licensed brands. Its geographic footprint is focused on North America, with corporate offices in Burlington, Massachusetts, and Frisco, Texas. Corporate headquarters are in Burlington, Massachusetts, with an additional significant office in Frisco, Texas. The company does not publish a dedicated team headcount for its corporate development or investment functions, nor does it operate disclosed adjacent vehicles such as a venture arm or philanthropic foundation. The firm's structural differentiator is its role as a publicly traded consumer packaged goods company using M&A, brand partnerships, and a scaled distribution network — rather than a committed fund structure — to assemble and manage a beverage portfolio. This makes it an operating company that competes for assets, not a financial investor.