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Cam McDonald
Co-Founder & CEO at Ace Beverage Group
Cam McDonald is the Co-Founder and CEO of Ace Beverage Group, a successful beverage company based in Canada.12 Here are some key details about his background and career:
Education and Early Career
Cam McDonald graduated from Dalhousie University with a Bachelor of Commerce degree in 2014.1 During his time at Dalhousie, he met his future business partner, Daniel Bartek, in the third year of the program. They shared a passion for entrepreneurship and began collaborating on business ideas, particularly in the alcoholic beverage space.1
Entrepreneurial Journey
Early Ventures:: In 2013, while still in university, McDonald co-founded Sage Mixology with Bartek and another friend.1 Their first product was a vodka cranberry cocktail in a dual-chambered bottle. Despite facing initial challenges, including a product recall, they persevered and continued to innovate.
Ace Beverage Group:: McDonald and Bartek went on to create several successful beverage brands, including:
- Crazy Beard (an Apple Ale launched in 2015)
- Cottage Springs (now the best-selling ready-to-drink brand in Ontario)
- Ace Hill
In 2020, they merged Cottage Springs and Ace Hill to form Ace Beverage Group.2
Recent Developments
In June 2023, Corby Spirit and Wine, a Canadian affiliate of Pernod Ricard, announced the acquisition of a 90% stake in Ace Beverage Group for CAD$165 million.2 McDonald remains focused on leading Ace Beverage Group to achieve further milestones.1
Leadership Style and Values
McDonald emphasizes the importance of:
- Building a strong team culture
- Customer discovery and adaptability
- Persistence and competitiveness in business
He credits the entrepreneurship classes at Dalhousie, particularly the guidance of professors Ed Leach and Mary Kilfoil, for providing valuable mentorship and teaching fundamental business principles.1
Cam McDonald continues to be an influential figure in the Canadian beverage industry, known for his innovative approach and business acumen.
Highlights
We've known and respected the Nude beverage team and brands for several years and have watched Nude become a leading RTD company in Western Canada. It’s with great pleasure that we announce that both the team and brand are now officially part of the ABG family. This deal accelerates our ambition of being the top RTD company in Canada and we're so excited to welcome our new teammates and get building together.
Thank you to Nicolas Krantz and the entire Corby Spirit and Wine Limited/ Pernod Ricard teams for all the help we had on getting this deal done.
LFG.
https://lnkd.in/ebYnC69m
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