tieflyer
Well-Known Member
this stinks in my opinion:
"KPS Capital Partners New York-based Genesee is reportedly close to an acquisition for Magic Hat, the Vermont-based microbrewery.
The private equity firm declined to comment for this story.
The deal, if reports are true, would represent the firm's first add-on since the three-way merger of Genesee producer High Falls Brewing Co., Labatt USA an Anheuser Busch-InBev carveout and the Seagrams Cooler Escapes and Smooth Brands, acquired from Pernod Ricard.
With roughly 130 employees, according to Beer Business Daily, Magic Hat is Vermonts largest brewer. Beer Business Daily was the first to report the deal between Genesee and Magic Hat.
In the past, KPS Capital Partners Raquel Vargas Palmer has worked on its buildout of its alcoholic beverage assets.
In recent months M&A in the brewery space has been downright frothy. Otter Creek Brewing Company, last year, sold itself to a larger group of investors that also owns Long Trail. Earlier this summer, food executive Deal Metropoulos acquired Pabst Brewing, and in April, Anchor Brewing Co. was sold to Griffin Group, a California-based, privately-held firm."
"KPS Capital Partners New York-based Genesee is reportedly close to an acquisition for Magic Hat, the Vermont-based microbrewery.
The private equity firm declined to comment for this story.
The deal, if reports are true, would represent the firm's first add-on since the three-way merger of Genesee producer High Falls Brewing Co., Labatt USA an Anheuser Busch-InBev carveout and the Seagrams Cooler Escapes and Smooth Brands, acquired from Pernod Ricard.
With roughly 130 employees, according to Beer Business Daily, Magic Hat is Vermonts largest brewer. Beer Business Daily was the first to report the deal between Genesee and Magic Hat.
In the past, KPS Capital Partners Raquel Vargas Palmer has worked on its buildout of its alcoholic beverage assets.
In recent months M&A in the brewery space has been downright frothy. Otter Creek Brewing Company, last year, sold itself to a larger group of investors that also owns Long Trail. Earlier this summer, food executive Deal Metropoulos acquired Pabst Brewing, and in April, Anchor Brewing Co. was sold to Griffin Group, a California-based, privately-held firm."
Beside's Uncle Sam, Brown's is the best thing to come out of Troylette. Their ESB is great as well. I am happy that you don't have to go to the brewery to get their beers, even Price Chopper sells them now.
