FORT LAUDERDALE, Fla., June 14, 2017 /PRNewswire/ -- Farlie Turner & Co. ("Farlie Turner"), a leading investment bank serving middle market companies, is pleased to announce the recapitalization of The Bruery LLC ("The Bruery") by Castanea Partners, a private equity firm based in Newton, Massachusetts. Farlie Turner served as the exclusive financial advisor to The Bruery. Terms of the transaction, which closed June 1, 2017, were not disclosed.
The Bruery is one of the largest producers of sour and wild ales in the U.S. and has one of the largest collections of barrel-aged beers in the world. Founded in 2008 and based in Orange County, California, The Bruery maintains an extensive portfolio of award-winning beers and bottles over 80 different beers each year. Patrick Rue, The Bruery's Founder and Chief Executive Officer, will remain in his current role as CEO, and he and his father, Michael Rue, will remain significant shareholders in the business.
"Farlie Turner provided great wisdom and friendship along the way. Their team truly went above and beyond for us throughout every stage of the process," stated Patrick Rue. "We chose to make Castanea a part of Famille Rue because of their talents, admiration and understanding of our vision, and because they want to contribute to our continuous improvement. The expertise that Castanea has in growing other high-end consumer companies will give us a great foundation for successful and manageable growth."
"We are honored to have worked with The Bruery on this transaction," commented Craig Farlie. "The Bruery is one of the true super-premium brands in the craft beer industry, so we wanted to help them find a partner that would preserve what makes their brands so special, and help them to continue growing over the long-term. Castanea's expertise and experience in growing luxury consumer brands makes them an ideal partner for Pat, Mike and the world class team they have assembled."
The Bruery transaction team was led by Managing Directors Craig Farlie and Erik Rudolph, with Daniel Vetrano and Keita Iwabuchi also playing key roles. The transaction represents another successful effort in the craft beer industry for the Farlie Turner consumer team.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.
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SOURCE Farlie Turner & Co.