Mid-Market Breweries Rise to the Challenges and Adapt in Ever-Changing Craft Beer Marketplace
future. ABV, formed to unify independent craft brewers and distillers, embraces the collaborative craft spirit while
administering crucial growth resources. Arlington Capital Advisors acted as exclusive financial consultant to Victory.
Wells Fargo's Beverage Finance group provided capital to support the investment and continued growth at ABV. The
transaction is expected to close within the next 60 days.
Under the umbrella of ABV, Victory and Southern Tier will independently operate their breweries, commanding a joint
capacity of over 800,000 barrels of potential annual production. This alliance creates one of the largest brewers in the
Northeast and ranks within the top 15 craft brewing companies in the United States according to Brewers Association
criteria with combined 2015 shipments of over 250,000 barrels. With a world-class roster of complementary beer
brands and an even stronger standing in the marketplace, ABV will shepherd Victory and Southern Tier in collaborative
sales and marketing efforts to strengthen, support and expand its distributor and retail partnerships. Victory and
Southern Tier brands will become increasingly available to loyal and new consumers across their combined markets
as a direct result of this union.
“The craft beer community is at its most critical moment since its inception as larger brewing corporations have bought
into our grassroots movement, irrevocably changing the marketplace. Like-minded brewers such as Victory and
Southern Tier can preserve our character, culture and products by banding together,” said Bill Covaleski, Founder and
Brewmaster of Victory Brewing Company. “Allied we can continue to innovate and best serve the audience who fueled
our growth through their loyal thirst.”
"Having gotten to know Phin, John and the whole management team, I am more excited than ever about the
innovations that lie in our collective futures. One walk through their brewery and I knew that Southern Tier had the
same belief in quality and excellence that has driven our culture for 20 years,” explains Ron Barchet, COO of Victory
The Victory and Southern Tier leadership teams and employees will remain intact. Bill Covaleski and Ron Barchet of
Victory, who will become significant shareholders in ABV, will join the Artisanal Brewing Ventures’ Board of Directors.
CEO John Coleman and CFO Bill Wild will lead ABV's management team.
“This is exactly the kind of alliance we imagined when we created Artisanal Brewing Ventures in 2014,” said Phin
DeMink, founder of Southern Tier Brewing Company and also a major shareholder in ABV. “This is a concept that was
specifically designed by and for craft brewers, so we can focus on the things we’re best at while creating meaningful