First Beverage Group:
Los Angeles, CA – September 15, 2015 – First Beverage Financial, the investment banking arm of First Beverage Group, today announced that it acted as the financial advisor to San Diego-based Saint Archer Brewing Company in its planned sale of a majority interest to Tenth and Blake, the craft and import division of MillerCoors. Terms of the transaction, which is expected to close in October, were not disclosed.
Founded in 2013 by filmmaker Josh Landan, professional skateboarders Paul Rodriguez and Mikey Taylor and a diverse group of brewers, skateboarders, surfers, snowboarders, musicians, artists and adventurers, Saint Archer has rapidly become one of the most exciting and fastest-growing craft breweries in the U.S. Through a combination of world-class, high-quality beer and authentic, differentiated lifestyle branding, Saint Archer expects to sell approximately 35,000 barrels of beer in 2015 despite having been in operation less than three full years.
“Bill Anderson and his team were a tremendous help in finding us the right strategic partner to help us build our brand moving forward,” said Josh Landan, founder and president of Saint Archer.
“Josh Landan and his team have built one of the country’s most outstanding, well-branded craft breweries in a remarkably short time,” said William Anderson, founder and CEO of First Beverage. “We were very fortunate to work with Saint Archer to find the best partnership and long-term growth solution for the company, the team and the brand.”
“We are pleased to have partnered the Saint Archer team with Tenth and Blake on this transaction, which brings Saint Archer a complementary, value-added strategic partner to help accelerate the company’s growth initiatives,” said Nicole Fry, managing partner of First Beverage. “Saint Archer has created a truly differentiated California lifestyle brand that is poised to become one of the leaders in the craft beer industry.”
About First Beverage Group
First Beverage Group is a full-service financial services firm dedicated exclusively to the beverage industry. First Beverage provides a comprehensive range of products, including investment banking and investment funds for growth capital to leading beverage entrepreneurs and operators. Headquartered in Los Angeles with offices in Boston and New York, the First Beverage team is made up of senior executives with over 200 years of beverage industry experience. For more information, please visit the company’s website, www.firstbeveragegroup.com.
About Saint Archer Brewery
Saint Archer Brewing Company was founded on a unique strain of creative talent: world-class brewers, artists and musicians, surfers, skateboarders and snowboarders, all coming together with passion and commitment to express their collective true love of handcrafted beer. For more information on the company please visit www.saintarcherbrewery.com.
About Tenth and Blake Beer Company
Tenth and Blake is the craft and import division of MillerCoors. The Tenth and Blake family includes Blue Moon Brewing Co. at the SandLot in Denver, Jacob Leinenkugel Brewing Co. in Chippewa Falls, Wis., 10th Street Brewery in Milwaukee, Crispin Cider Company in Colfax, Calif., AC Golden in Golden, Colorado, Birra Peroni in Rome, Plzeňský Prazdroj (Pilsner Urquell) in Pilsen, Czech Republic, and a minority equity stake in Terrapin Beer Co. Tenth and Blake beers and ciders include Blue Moon Belgian White, Leinenkugel’s Summer Shandy, Crispin Original, Peroni Nastro Azzurro, Pilsner Urquell, George Killian’s Irish Red, Colorado Native and Grolsch. You can find out more at www.Facebook.com/TenthAndBlake.