• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

Craft Brewing Business Craft Brewing Business
  • News
  • Business & Marketing
  • Packaging & Distribution
  • Equipment & Systems
  • Ingredients & Supplies
  • Webinars & White Papers
  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

First Beverage Financial acts as adviser in Breckenridge Brewery sale

January 14, 2016Chris Crowell

Breckenridge Brewery PintFirst Beverage Financial, the investment banking arm of First Beverage Group, acted as the financial adviser to Colorado’s Breckenridge Brewery in its agreement to sell to The High End, the craft business unit of Anheuser-Busch. Terms of the transaction, which is expected to close in the first quarter of the year, were not disclosed.

“First Beverage has real insights on our industry—the business, the participants and the culture,” said Todd Usry, brewmaster and general manager of Breckenridge. “Not surprisingly, we benefited greatly from advice that was highly informed, professional and responsive.”

Based in Littleton, Colo., 25-year-old Breckenridge Brewery sold approximately 70,000 barrels in 2015 and recently built a new production facility in Littleton. Its beers are available in 35 states. The partnership with Anheuser-Busch will include the company’s new production facility as well as its Farm House restaurant in Littleton and its original brewpub and innovation center in Breckenridge. The brewery’s current management group, Breckenridge-Wynkoop, will continue to own and operate several brewpubs and ale houses in Colorado, including Ale House at Amato’s in Denver; Breckenridge Ale House in Grand Junction; Breckenridge Colorado Craft in Denver; The Cherry Cricket in Denver; Mainline in Fort Collins; Phantom Canyon Brewing Co. in Colorado Springs; and Wynkoop Brewing Co. in Denver.

“We were glad to be part of a successful transaction for Breckenridge, its stakeholders and employees,” said Townsend Ziebold, managing partner of First Beverage. “Breckenridge has a great heritage as one of Colorado’s oldest craft breweries, and its growth and innovation should continue to flourish in the future.”

First Beverage Financial also acted in the same role in the sale of Arizona’s Four Peaks Brewing Co. to The High End.

RELATED: Anheuser-Busch buys Four Peaks Brewing, Arizona Craft Brewers Guild Responds

Co-founded in 1996 by Andy Ingram, Jim Scussel and Randy Schultz, Four Peaks produces award-winning beers including its Kilt Lifter Scottish-style ale and sold approximately 70,000 barrels in 2015. The company also operates three brewpubs in Tempe and Scottsdale, as well as a location inside Phoenix’s Sky Harbor International Airport. The founders will maintain their headquarters in Arizona and will continue to manage daily brewery operations.

breckenridge_brewery_6-9-13
AB InBev-owned Breckenridge Brewery launches first national marketing campaign (In Good CO)
Denver Broncos stadium cbb crop
Breckenridge scores Broncos beer deal with the help of buds at Budweiser
breckenridge_brewery_6-9-13
Can Breckenridge Brewery interest you in nitro-carbonated cans?
Breckenridge Brewery World of Beer
Anheuser-Busch buys Breckenridge Brewery, reports indicate they may just buy everything

Reader Interactions

Comments

  1. John Wanner says

    January 15, 2016 at 12:06 pm

    There is an implicit acknowledgement of the superior quality of craft beer in that name – “The High End”. Are kidding me? Last year, craft was “fussy” and for hipsters.

    Log in to Reply
  2. crsimp01 says

    January 14, 2016 at 2:26 pm

    First Beverage Financial acts as adviser in Breckenridge sale https://t.co/5Oq91PngrI via @craftbrewingbiz

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • Cadaverine: When your beer smells like dead human
  • Unfiltered: There are weevils in my grain – what do I do?
  • Festo takes new approach with VZXA angle seat valves
  • People news: Industry icon John Mallett steps down from Bell’s + moves from Craft ‘Ohana, BrewDog USA and more

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • Cadaverine: When your beer smells like dead human
    January 26, 2023
  • beer taps brain distribution cbb cropUnfiltered: There are weevils in my grain – what do I do?
    January 26, 2023
  • People news: Industry icon John Mallett steps down from Bell’s + moves from Craft ‘Ohana, BrewDog USA and more
    January 25, 2023
  • Premium beer products were one of the top growth markets of 2022, says IWSR 
    January 23, 2023
  • Fair State Brewing Cooperative launches Minnesota’s first cannabis beverage fulfillment, copacking and distribution center
    January 23, 2023
  • Fat-Tire-cansFat Tire and other craft beer legacy brand updates to know in 2023
    January 17, 2023

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2023 · CBB Media LLC