Mergers & Acquisitions

Undisclosed Ownership Group to Acquire Ale Asylum

Undisclosed Ownership Group to Acquire Ale Asylum

Madison, Wisconsin’s Ale Asylum will continue under new ownership, with no interruption in production or brewpub operations, the Wisconsin State Journal reported.

4NB Holdings Acquires Fellow-Colorado Brewery Odd13 Brewing

4NB Holdings Acquires Fellow-Colorado Brewery Odd13 Brewing

Broomfield, Colorado-based 4NB Holdings — the parent company of 4 Noses Brewing and Wild Provisions Beer Project — has acquired Odd13 Brewing in Lafayette, Colorado, the company announced Tuesday via its social media profiles.

Canopy Growth Enters Agreement to Buy Wana Wellness for $297.5M

Canopy Growth Enters Agreement to Buy Wana Wellness for $297.5M

Canadian cannabis operator Canopy Growth Corporation has entered a definitive agreement to acquire cannabis edibles maker Wana Wellness for $297.5 million, which will go into effect upon federal legalization of THC in the U.S.

Uber Completes $1.1 Billion Acquisition of Drizly

Uber Completes $1.1 Billion Acquisition of Drizly

Uber has completed its acquisition of the alcohol delivery platform Drizly for $1.1 billion, consisting of 18.7 million shares of Uber common stock, plus cash.

Catawba Valley Brewing Acquired by Oyster City Parent Company

Catawba Valley Brewing Acquired by Oyster City Parent Company

The parent company of Oyster City Brewing Company has signed a purchase agreement to acquire the assets of Catawba Valley Brewing Company. Made by the Water, a portfolio company of family office Wiregrass Equity Partners, which owns Oyster City, will acquire the assets of Catawba Valley, including Catawba Brewing in North Carolina, Palmetto Brewing in South Carolina, the Twisp Southern Hard Seltzer brand that launched in 2019.

BrewDog Forms JV with Asahi, Prepares for IPO

BrewDog Forms JV with Asahi, Prepares for IPO

BrewDog has formed an international joint venture with Japan’s Asahi as the Scottish craft brewer prepares to go public, the Financial Times reported earlier this week.

Mission Brewery Sold; Former CBA Exec Dan Partelow Appointed CEO

Mission Brewery Sold; Former CBA Exec Dan Partelow Appointed CEO

San Diego-based Mission Brewery was sold in late July to a California holding company led by Kenneth Little, a partner in Brandes Investment Partners, according to documents filed with the California Secretary of State’s Office.