Australian private-equity agency SKJ Capital has closed a deal to purchase San Antonio’s largest craft-brewing operation, Alamo Beer Co., for an undisclosed quantity, officers mentioned Tuesday.
Household-owned SKJ positioned a bid for Alamo Beer after the brewery filed for Chapter 11 chapter reorganization in February. It’s the Brisbane-based firm’s first buy within the U.S. market.
Alamo Beer filed for defense from its debtors amid a nationwide droop in beer consumption. Final fall, Alamo founder Eugene Simor instructed the Present that his operation, whereas able to producing 40,000 barrels yearly, was working at lower than 20% capability.
As proprietor, SKJ will proceed to function Alamo Beer at its east-of-downtown. Officers with the Australian agency additionally mentioned they’ll present strategic oversight so the brewer can stabilize and ultimately develop once more.
“Alamo Beer Firm is a neighborhood favourite and a real San Antonio landmark,” SKJ CEO Sam Johnson mentioned in an emailed assertion. “We’re proud to welcome Alamo into our portfolio. Our objective is to offer the assets, experience and long-term technique wanted to strengthen operations and safe its future.”
New CEO
As a part of the deal, SKJ Capital appointed Jason Pond as Alamo Beer’s new CEO. Pond has 20 years’ expertise working with craft-beer corporations together with Firestone Walker Brewing Co., BrewDog and Rogue Ales & Spirits, in line with SKJ officers.
“Alamo Beer Firm has a wealthy historical past backed by a powerful group right here in San Antonio,” Pond mentioned in a press release. “I’m excited to carry new life to the model whereas positioning the corporate for future enlargement.”
The brewery can even bear renovations to modernize its operations and provides new sparkle to its taproom expertise, SKJ officers mentioned.
“With SKJ Capital’s management, Alamo Beer Co. will proceed producing the beers San Antonians know and love whereas enabling new seasonal releases,” founder Simor mentioned through e-mail. “We’re excited to boost the client expertise and start this subsequent chapter.”
Altering client tastes
Simor established Alamo Beer in 1997, initially producing manufacturers resembling Alamo Golden Ale by way of contract brewers. The corporate arrange its brewery and taproom in 2015, turning it right into a vacation spot for craft-beer fans and website for group occasions.
In 2023, Alamo Beer expanded through a merger with VIVA Beer and Shotgun, and final yr, the corporate partnered with Disney to launch Alamo Beer, an actual model of the fictional model of suds featured in Hulu animated present King of the Hill.
Alamo Beer’s Chapter 11 submitting got here as a bevy of different San Antonio brewers shut their doorways, citing sluggish gross sales and altering client tastes. Town’s latest craft beer casualties embody Weathered Souls Brewing Co., Busted Sandal Brewing Co. and Second Pitch Brewing Co., amongst others.
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