Investment Summary

Entrepreneur Partners Exits Northern Brewer

On October 14, 2016, Anheuser-Busch InBev invested in retailer Northern Brewer from Entrepreneur Partners

Investment Highlights
  • This is Anheuser-Busch InBev’s 1st transaction in the Retail sector.
  • This is Anheuser-Busch InBev’s 7th transaction in the United States.
  • This is Anheuser-Busch InBev’s 1st transaction in Minnesota.
Investment Fate
  • Northern Brewer was divested to a consortium of buyers in 2019.
  • Northern Brewer was sold to a strategic buyer in 2024.

Investment Summary

Date 2016-10-14
Target Northern Brewer
Sector Retail
Investor(s) Anheuser-Busch InBev
Sellers(s) Entrepreneur Partners
Deal Type Add-on Acquisition

Target

Northern Brewer

Roseville, Minnesota, United States
Northern Brewer is a multi-channel marketer of home brewing supplies, winemaking supplies, beer kits, and equipment to craft brewing enthusiasts. The company sells it's products online and at 3 retail stores. Northern Brewer was founded in 1993 and is based in Roseville, Minnesota.

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Investor(S) 1

Investor

Anheuser-Busch InBev

Leuven, Belgium

Category Company
Founded 1366
Sector Beverages
Employees155,000
Revenue 59.8B USD (2024)
DESCRIPTION

Anheuser-Busch InBev is a multinational brewing company that primarily markets and distributes beer, but also produces and markets soft drinks. Ist brands include Beck's, Budweiser, Bud Light, Corona, Castle, Castle Lite, Hoegaarden, Leffe, Aguila, Antarctica, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, Skol, Stella Artois. Anheuser-Busch InBev was founded in 1366 and is based in Leuven, Belgium.


DEAL STATS #
Overall 16 of 20
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 19
State: Minnesota M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 Boathouse Beverage

Norwalk, Connecticut, United States

SpikedSeltzer is a brewing company. SpikedSeltzer is made from fermented sugar that creates a carbonated-water beverage with 6% alcohol by volume. It comes in flavors like Valencia Orange, Cape Cod Cranberry and Indian River Grapefruit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Karbach Brewing Co.

College Station, Texas, United States

Karbach Brewing Co. is manufacture and distributor brewery craft brands.

Buy -

Seller(S) 1

SELLER

Entrepreneur Partners

Philadelphia, Pennsylvania, United States

Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Entrepreneur Partners (EP) is a specialist private investment firm focused on investing in middle-market direct marketing companies generating sales of $10 to $200 million and EBITDA of at least $1 million. Specific areas of interest include business-to-business and business-to-consumer direct marketers, specialty publishing, retailers and service providers. EP will not invest in distributors and wholesalers, high-technology, commodity products, or distressed assets. Entrepreneur Partners was formed in 2005 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Peachtree Business Products

Marietta, Georgia, United States

Peachtree Business Products is a multi-channel direct marketer and distributor of customizable, consumable business supplies and soft capital products to small business owners within a variety of end markets including residential property management, commercial parking management, healthcare, funeral home and church. Peachtree Business Products is based in Marietta, Georgia.

Sell -