Spain based Mahou San Miguel has acquired a minority stake in Avery Brewing Co.
You might remember Mahou San Miguel from their minority acquisition of Founders Brewing Co. nearly 3 years ago next month. Today they announce another minority acquisition, this time with Boulder, Colorado’s Avery Brewing Co. According to Adam Avery in press release, Adam and his father started searching for a partner two years ago. The criteria included “Minority Investor, Privately Held and Family-Owned Entity, Long-Term Investment, Strategic Advantages, and Good People with Shared Values.”
Avery says Mahou San Miguel checked all the boxes.
First Beverage Group is serving as the financial adviser for the transaction, slated to close in January 2018. The amount of the deal and percentage of the acquisition have not been disclosed.