Beer Infinity Beer, Brewing & Beyond
| The indefatigable Chris Funari reports this morning that Cigar City has gone the way of private equity.
Cigar City, a leading independent brewery based in Tampa, Fla., has agreed to sell controlling interest to Boston-based private equity firm Fireman Capital Partners, which already owns majority stakes in Oskar Blues, Perrin Brewing and the Utah Brewers Cooperative outfit that includes the Wasatch and Squatters brands. Together, the five craft breweries make up what the firm calls United Craft Brews LLC., a separate holding company and special purpose fund set up specifically for craft brewery acquisitions…. Collectively, all five companies produced more than 320,000 barrels in 2015 and ranked as a top-15 craft producer. In addition to its presence in Utah, the group has beachheads in the major craft markets of Colorado, North Carolina, Michigan and Texas. The whole article is worth a read–though at this very late date, there’s not a lot to add. I did find it to be satisfyingly … |
Source: Beervana
Read the full article here.
