M&A Deal Summary

Artisanal Brewing Ventures Acquires Southern Tier Brewing

On February 16, 2016, Artisanal Brewing Ventures acquired beverage company Southern Tier Brewing from Ulysses Management

Acquisition Highlights
  • This is Artisanal Brewing Ventures’ 2nd transaction in the Beverages sector.
  • This is Artisanal Brewing Ventures’ 2nd transaction in the United States.
  • This is Artisanal Brewing Ventures’ 1st transaction in New York.

M&A Deal Summary

Date 2016-02-16
Target Southern Tier Brewing
Sector Beverages
Buyer(s) Artisanal Brewing Ventures
Sellers(s) Ulysses Management
Deal Type Merger

Target

Southern Tier Brewing

Lakewood, New York, United States
Southern Tier Brewing is a craft brewery producing a wide range of beers including IPAs, stouts, lagers, and seasonal specialties. Southern Tier Brewing was founded in 2002 and is based in Lakewood, New York.

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Buyer(S) 1

Buyer

Artisanal Brewing Ventures

Charlotte, North Carolina, United States

Category Company
Founded 2014
Sector Beverages
DESCRIPTION

Artisanal Brewing Ventures is an umbrella company of like-minded, best-in-class breweries including Southern Tier Brewing, Victory Brewing, & Sixpoint Brewing. Breweries under the ABV umbrella maintain independence with actively involved founders and a brewery focused Executive Management Team. Artisanal Brewing Ventures was founded in 2014 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 3
Sector: Beverages M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Victory Brewing

Parkesburg, Pennsylvania, United States

Victory Brewing is a craft brewery producing a variety of beers including IPAs, lagers, stouts, and seasonal specialties. Victory Brewing was founded in 1996 and is based in Parkesburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Bold Rock Hard Cider

Nellysford, Virginia, United States

Bold Rock makes a variety of hard cider styles from apples picked in the Blue Ridge Mountains of Virginia and North Carolina. The award-winning craft cider company operates two cideries: the Bold Rock Cider Barn in Nellysford, VA, featuring an innovative cidery and tasting room overlooking the Rockfish River Valley, and a second, larger production facility and industrial styled taproom, overlooking the Blue Ridge Mountains, in Mills River, NC. Bold Rock produces 12 styles of hard cider, including the popular originals Apple and Draft, a rotating mix of seasonal ciders, and IPA (India Pressed Apple), the best-selling hopped cider in the country. In 2019, Bold Rock launched a ‘better-for-you’ apple-based hard seltzer line and a line of premium ready-to-drink canned cocktails.

Buy -

Seller(S) 1

SELLER

Ulysses Management

Investor Investor


Category Hedge Fund
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ulysses Management is a diversified investment group focused on a variety of investment strategies. The Firm's private equity group looks to invest $5 to $50 million in profitable, US-based, well-established companies. Ulysses will consider a variety of transaction types including buyouts, growth capital financings, acquisitions, and select public company investments. Ulysses does not have any sector preferences although the Firm does prefer businesses with recurring revenue models or in industries undergoing change. Ulysses Management is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector: Beverages M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-23 Southern Tier Brewing

Lakewood, New York, United States

Southern Tier Brewing is a craft brewery producing a wide range of beers including IPAs, stouts, lagers, and seasonal specialties. Southern Tier Brewing was founded in 2002 and is based in Lakewood, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Artisanal Brewing Ventures

Charlotte, North Carolina, United States

Artisanal Brewing Ventures is an umbrella company of like-minded, best-in-class breweries including Southern Tier Brewing, Victory Brewing, & Sixpoint Brewing. Breweries under the ABV umbrella maintain independence with actively involved founders and a brewery focused Executive Management Team. Artisanal Brewing Ventures was founded in 2014 and is based in Charlotte, North Carolina.

Buy -