July 21, 2022
Green River Spirits Company, a leading contract distiller and bottler of premium Green River Kentucky Straight Bourbon as well as a premier bottling partner enabled by TerrePURE technology, has been acquired by the Bardstown Bourbon Company. The transaction will forge together two leading Kentucky bourbon producers into a strong, independent spirits company with a commitment to Kentucky whiskey. Cascadia Capital served as the exclusive financial advisor to Green River Spirits.
Distilling more than 90,000 barrels for its own brands and partners, Green River Spirits is one of the oldest and largest producers of Kentucky bourbon and rye whiskey in the country. In addition to its whiskey production and bottling facility in Owensboro, Kentucky, the Company’s Charleston, South Carolina facility supports a vibrant contract business, bottling on behalf of leading partner brands.
Bardstown Bourbon Company is a leading distilled spirits producers in the country, distilling more than seven million proof gallons of whiskey annually. As a complement to its innovative contract distilling capabilities, Bardstown Bourbon Company has steadily built its own brand through its award-winning Discovery, Fusion and Collaborative Series.
The addition of Green River Spirits Company adds both the Green River brand and two production sites, positioning the combined business for continued growth in Kentucky whiskey and custom distillation. For bourbon drinkers and visitors, bringing together the historic legacy of Green River and the modern bourbon experience at Bardstown Bourbon Company provides an enticing and distinguished selection of Kentucky whiskey.
“Green River Spirits has a tremendous story, starting as a technology company serving the industry to then transforming the 10th oldest operating distillery in Kentucky into a world class distillery to serve a gap in the market” said Erik Einwalter, Managing Director at Cascadia Capital “The combination of both businesses creates the foremost contract bourbon producer with leading branded offerings across price points.”
The acquisition represents another successful transaction for Cascadia in the food & beverage sector, which has grown to be the second most active practice in industry league tables.
For more information about this transaction, please contact the Cascadia Capital deal team:
Or other senior members of the Cascadia Food, Beverage & Agribusiness practice:
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