Independent investment banking advisory firm GLC Advisors & Co. served as the exclusive financial advisor to Alpine, Wyoming-based Melvin Brewing Company, in their acquisition by Roadhouse Brewery Group, which is based nearby in Jackson Hole, Wyoming. The sale follows Melvin Brewing’s recent announcement in June to identify a strategic buyer or partner to support the company’s growth.
“While the Rocky Mountain Region has witnessed first-hand the growth and strength of the Melvin brand over the past decade, we’re excited to see the rest of the nation experience even more best-in-class liquids that Melvin provides through this combination,” said Michael Richter, managing director at GLC. “Roadhouse Brewery Group’s acquisition of Melvin allows the Melvin brand to continue engaging loyal customers and broaden its reach to new customers, while also enabling Roadhouse the opportunity to more aggressively pursue their own brand expansion and growth goals.”
With continued demand and a growth capital injection from Roadhouse, the combined breweries anticipate achieving production of over 80,000 barrels. Immediate upgrades include a state-of-the art rotary canning line and the expansion of the Melvin Tap Room in Alpine, WY.
“GLC supported us in our effort to find a buyer that sought to retain and grow our staff, valued our partnership and shared vision with the town of Alpine, and had the experience and leadership to grow the Melvin brand and distribution platform,” said Zander Doroski, president of Melvin Brewery’s board of directors. “In Roadhouse we believe we’ve found a perfect fit.”
Roadhouse’s acquisition of Melvin was finalized in late December 2022, with support and partnership from GLC Advisors and adult beverage industry expert Ethan Stienstra, founder and Chief Strategy Officer at Ahead Of The Curve Strategy. The merger of the two award-winning Wyoming breweries puts the combined organization among the top 100 craft breweries in the nation.
Melvin Brewing began with a 20-gallon brew system, quickly grew into a 3-barrel system, and later opened a 30-barrel production location in Alpine, Wyoming. The brewery went on to win Small Brewpub of the Year and Brewing Group of the Year at the Great American Brew Festival in 2015 and 2017, respectively. Today, Melvin has established distribution channels across 27 states.
Roadhouse Brewery is a regional brewery with an auxiliary brewpub, Roadhouse Pub & Eatery, located in Jackson Hole, Wyoming. The two breweries, which are located just 35 miles apart, will produce 50,000 barrels in 2023.