Historic Rotta Winery Enters Next Era In Its 105 year History With New Investor Group Led by Jason Shorrock Recapitalization of Paso Robles' oldest winery facilitated by boutique M&A advisory firm Henberger
SAN DIEGO, June 19, 2013 /PRNewswire/ -- Historic Rotta Winery has been acquired by an investor group that will operate as Rotta Winery LLC, a partnership between Jason Shorrock, the founding Giubbini family and a private investor.
The transaction includes the 35-acre estate winery and vineyards, the tasting room and the business. Henberger served as the exclusive advisor to the Giubbini family. Financial terms were not disclosed.
"Rotta's distinction as the oldest, continuously operating winery in the Paso Robles AVA, its prime west side location and its heritage attracted us to this opportunity," says Jason Shorrock, who will be the managing partner. "Rotta's reputation for premium quality wines coupled with a history rooted in family traditions offer the authenticity that wine consumers are increasingly looking for in a wine brand. Our focus will be to tell the many stories that have not been told yet, with the goal to make Rotta one of the true thoroughbreds of the AVA."
"I am excited about the opportunities this new partnership provides to Rotta," says Mike Giubbini, who will be working alongside Jason going forward. "The wine business today requires marketing and financial resources that, as a small winery, Rotta was no longer able to afford on its own. I believe that Jason Shorrock is the right person to take Rotta to the next level. After building his career at the LVMH Group (Moet Hennessy Louis Vuitton) and discovering the potential of Paso Robles during his stint as General Manager at JUSTIN Vineyards & Winery, Jason has the credentials to successfully lead Rotta into its next era. I am glad to assist him in realizing the vision that we share."
Founded in 1908, Rotta Winery is located in Templeton, California, and produces ultra-premium wines from grapes grown on its estate vineyards along with grapes purchased from local growers. The winery has established itself as one of the leading direct-to-consumer focused wineries in the Paso Robles area. It has a robust wine club with thousands of loyal members. The winery's twenty-acre vineyard is planted with Cabernet Sauvignon, Cabernet Franc and Zinfandel (www.rottawinery.com).
Henberger is a boutique mergers and acquisitions advisory firm providing transition-to-transaction services to businesses with revenues between $5 and $75 million. The firm's three partners John Henberger, Leo Klijn and Rocky Springstead have extensive experience in helping business owners discover, enhance and realize the value of their business. They have developed a proprietary methodology (IntelligentExit ®) to help business owners with the development and implementation of their exit strategy. They have honed their skills in strategic advisory, valuation and structuring complex deals in numerous transactions both in the wine industry and beyond (www.henberger.com).
Contact: Leo Klijn
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