Carolina Beer and Beverage
We are pleased to announce that Brookwood Associates advised the shareholders of Carolina Beer and Beverage (“CBB”) on the sale of a majority interest in the Company to an investor group led by SunTx Capital Partners. The Company’s current management team will continue to operate the business going forward and retains a significant ownership stake. CBB is one of the country’s leading contract packagers of energy drinks and other functional beverages for some of the best-known global brands in the industry. In addition, the Company owns and distributes a dozen high quality craft beers sold under the Carolina Blonde and Cottonwood Ale brands.
The successful CBB transaction extends Brookwood’s record of assisting leading privately-owned businesses with their liquidity needs. The transaction also reflects our strong presence in three industries – food and beverage, packaging and contract services.
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"I had an excellent experience working with Brookwood. Due to their senior leadership execution and strong support by the junior staff, we reached a very successful conclusion to a complex process. I clearly made the right choice with Brookwood, and I’m excited to have our new financial partner SunTx help us take the business to the next level."
J. Michael Smith Founder and CEO, Carolina Beer and Beverage
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