M&A Deal Summary

Castanea Partners Acquires Bruery

On May 19, 2017, private equity firm Castanea Partners acquired beverage company Bruery

Acquisition Highlights
  • This is Castanea Partners’ 3rd transaction in the Beverages sector.
  • This is Castanea Partners’ 25th transaction in the United States.
  • This is Castanea Partners’ 4th transaction in California.

M&A Deal Summary
Date 2017-05-19
Target Bruery
Sector Beverages
Buyer(s) Castanea Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Bruery

Placentia, California, United States
Bruery is a producer of premium specialty craft beers. The company specializes in barrel-aged and sour beers and creates complex flavors from simple ingredients. Bruery was founded in 2008 and is based in Placentia, California.

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Buyer(S) 1

Buyer

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 25 of 30
Sector (Beverages) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (California) 4 of 5
Country (United States) 25 of 29
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-17 Thymes

Minneapolis, Minnesota, United States

Thymes is a designer and marketer of branded bath and body and home fragrance products. Thymes’ premium product line includes soaps, lotions, and other bath and body products, as well as home fragrance selections such as candles and diffusers. Thymes was founded in 1982 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Simms Fishing Products

Bozeman, Montana, United States

Simms Fishing Products offers a comprehensive line of high-performance fishing apparel, footwear, and gear. Its premium fishing waders are produced domestically at Simms’ manufacturing facility in Bozeman. The company’s products, used by over 6,000 Simms-sponsored fishing professionals globally, are distributed through specialty retail stores both domestically and internationally. Simms Fishing Products was founded in 1980 and is based in Montana.

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