SweetWater Brewing’s appointments of new CEO Kim Jones and new CFO Bill Waters may just be the first moves in a new era of growth for the Southern powerhouse. Reuters reports that Sweetwater is moving forward with an IPO, making it one of the few public craft brewing companies (and maybe the most “craft beer” of those craft brewing companies), joining Boston Beer (Sam Adams) and the Craft Brew Alliance.
SweetWater, backed by private equity firm TSG Consumer Partners, is in talks with investment banks about a stock market flotation that could come later this year and value the company in the hundreds of millions of dollars, the people said this week.
The sources asked not to be identified because the deliberations are confidential. SweetWater and TSG declined to comment.
Sweetwater is already listed at No. 18 on the top craft breweries list (by volume) and expanding into new markets constantly. All of this follows the brewery’s significant $19 million expansion a year prior.
Krones AG says
Krones AG liked this on Facebook.
Wow… Sweetwater Brewing may be going public http://t.co/1hYWnbNjra
Craft Beer Directory says
Craft Beer Directory liked this on Facebook.
Blake's Hard Cider Co. says
Blake’s Hard Cider Co. liked this on Facebook.
Jason Rivera says
Jason Rivera liked this on Facebook.
Reuters: Sweetwater Brewing may be going public http://t.co/iXn7wIiKaK via @craftbrewingbiz
Derek Needham says
Derek Needham liked this on Facebook.