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September 2014

First Beverage Acts as Financial Advisor to Southern Tier Brewing

First Beverage Group: Los Angeles, CA – September 22, 2014 – First Beverage Financial, the investment banking arm of First Beverage Group, today announced that it acted as the financial advisor to Southern Tier Brewing Company in its partnership with Ulysses Management, LLC, a New York-based family investment office. The partnership will support the continued […]

Southern Tier Sells Partial Stake to NYC Investment Firm Southern Tier Brewing, a fast-growing top-50 craft brewery based in upstate New York, today announced it has sold a percentage of its business to Ulysses Management LLC, an investment firm with offices in New York City. Specific terms of the deal were not disclosed, but Southern Tier co-founder Phineas DeMink told Brewbound that he […]

Southern Tier Partners with Private Equity, Hires Ex-Pabst Exec

Beer Business Daily: Lots of deals coming down the pike, though more have been private equity (see Utah craft brewers’ private equity solutions over the past year and a half), private buy-outs (Duvel Moortgat on Boulevard) and creative solutions (see Harpoon, New Belgium ESOPS) than the long-threatened big brewer buyouts (although stay tuned on that […]

Southern Tier Sold Stake to Ulysses Group; John Coleman as Prexy

Craft Brew News: Southern Tier, a rapidly growing regional craft brewer located in upstate NY, has sold undisclosed stake to family office Ulysses Group. (That stake is a majority, CBN understands). And simultaneously, Southern Tier has hired a new prexy, John Coleman, formerly prexy of Pabst Brewing, an AB region vp out west and a […]

First Beverage Ventures Makes Investment in Essentia

First Beverage Group: Los Angeles, CA – September 8, 2014 – First Beverage Ventures, the private equity arm of First Beverage Group, today announced that it has made an investment in Essentia Water, the leading alkaline water brand in the United States. First Beverage participated along with Castanea Partners in the private placement investment that […]