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M&A Musical Chairs

Craft Business Daily: M&A activity inside the industry has never been higher and it’s not subsiding anytime soon. First Beverage Group’s Townsend Ziebold told the audience at Brewbound’s Chicago Session that he believes there will be a little less than 25 craft transactions in the next 18 months. You might be saying ‘that seems like […]

First Beverage Group Acts as Financial Advisor to Argo Tea, Inc.

First Beverage Group: First Beverage Financial, the investment banking arm of First Beverage Group, announced that it acted as the exclusive financial advisor to Argo Tea, Inc. (“Argo Tea”) in its recent growth capital investment from Breakwater Investment Management.  Argo Tea is a leading Chicago-based tea retailer and wholesaler, with over 40 locations in the […]

Essentia Water secures private equity investment

Beverage Industry Magazine: Essentia Water LLC, Bothell, Wash., secured a private placement investment led by Castanea Partners, a Newton, Mass.-based private equity firm that owned Fuze Beverage prior to its sale to The Coca-Cola Co., Atlanta. First Beverage Ventures, the private equity arm of Los Angeles-based First Beverage Group, also participated in the investment. The […]

Kombucha Crossover Kombucha holds many similarities to craft beer. Some consider the production to be a form of art. Both are brewed with an intention to maintain taste and quality. You sell both in kegs, resulting in freshness at its best and disaster at its worst. So it stands to reason that when Daina Slekys Trout, […]