Deal merges two largest breweries in Wyoming to create a high 100 craft brewery within the nation
DENVER, CO. – GLC Advisors & Co. LLC (“GLC”), a number one impartial funding banking advisory agency, lately introduced that it served because the unique monetary advisor to Alpine, Wyoming-based Melvin Brewing Firm, of their acquisition by Roadhouse Brewery Group, which relies close by in Jackson Gap, Wyoming. The sale follows Melvin Brewing’s current announcement in June to determine a strategic purchaser or accomplice to help the corporate’s progress.
Melvin Brewing has been serving award-winning, world-class beers since 2009. The brewery, which started with a 20-gallon brew system, rapidly grew right into a 3-barrel system, and later opened a 30-barrel manufacturing location in Alpine, Wyoming. The brewery went on to win Small Brewpub of the Yr and Brewing Group of the Yr on the Nice American Brew Pageant in 2015 and 2017, respectively. In the present day, Melvin has established distribution channels throughout 27 states.
Roadhouse Brewery is an award-winning regional brewery with an auxiliary brewpub, Roadhouse Pub & Eatery, situated in Jackson Gap, Wyoming. The 2 breweries, that are situated simply 35 miles aside, will produce 50,000 barrels in 2023. With continued demand and a progress capital injection from Roadhouse, the mixed breweries anticipate attaining manufacturing of over 80,000 barrels. Speedy upgrades embody a state-of-the artwork rotary canning line and the growth of the Melvin Faucet Room in Alpine, WY.
“Whereas the Rocky Mountain Area has witnessed first-hand the expansion and energy of the Melvin model over the previous decade, we’re excited to see the remainder of the nation expertise much more best-in-class liquids that Melvin supplies by means of this mix,” mentioned Michael Richter, managing director at GLC. “Roadhouse Brewery Group’s acquisition of Melvin permits the Melvin model to proceed participating loyal clients and broaden its attain to new clients, whereas additionally enabling Roadhouse the chance to extra aggressively pursue their very own model growth and progress targets.”
“GLC supported us in our effort to discover a purchaser that sought to retain and develop our workers, valued our partnership and shared imaginative and prescient with the city of Alpine, and had the expertise and management to develop the Melvin model and distribution platform,” mentioned Zander Doroski, president of Melvin Brewery’s board of administrators. “In Roadhouse we imagine we’ve discovered an ideal match.”
Roadhouse’s acquisition of Melvin was finalized in late December 2022, with help and partnership from GLC Advisors and grownup beverage business skilled Ethan Stienstra, founder and Chief Technique Officer at Forward Of The Curve Technique. The merger of the 2 award-winning Wyoming breweries places the mixed group among the many high 100 craft breweries within the nation.
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About GLC Advisors & Co.
GLC Advisors & Co. is a number one impartial funding financial institution delivering goal, senior-level experience to efficiently execute monetary advisory M&A assignments. GLC’s center market M&A mandates are targeted on offering funding banking advisory companies to shoppers involving sell-side and buy-side M&A, capital elevating, and strategic advisory. GLC’s professionals have led mergers & acquisition transactions representing over $400 billion of enterprise worth throughout quite a few industries and sectors. Places of work are situated in New York, San Francisco, Los Angeles, and Denver. For extra info, go to www.glca.com.
About Melvin Brewing Firm
Melvin Brewing was born in 2009, with a 3-barrel system, a hip-hop soundtrack, and goals of worldwide domination. Using the success of revolutionary beers like 2×4 and Ch-Ch-Ch-Cherry Bomb, Melvin went on to develop into some of the awarded breweries within the nation. After profitable Small Brewpub of the Yr at GABF in 2015, the brewery moved into its new digs on the Mothership in Alpine, cranking out exponentially extra brews match to match the spectacular surrounding views. Embracing the chaos and driving the wave, Melvin continues to take its world-class liquids on a worldwide tour, creating unforgettable experiences alongside the best way, dwelling beneath the mantra – “If Your Beer Is Not Insanity, It’s Not Beer.”
About Roadhouse Brewery GroupConstructed upon its two founders’ distinctive backgrounds as an award-winning residence brewers and famous restaurateurs, Roadhouse Brewing Group attracts its inspiration from the improvisational dance between beer and meals. Its residence base is within the iconic mountain city of Jackson Gap, fostering its impartial spirit and affinity for the out of doors way of life. For 2 years in a row, Roadhouse was named a Finest for the World™ B Company, rating within the high 5% of all B Corps in its dimension group worldwide for its sustainable enterprise practices. All the time embodying the wild, curious and passionate; it’s how the staff approaches life, and the way they method their beer.
