Bardstown Bourbon has announced an agreement to acquire Green River Spirits Company. The transaction will bring together two leading Kentucky bourbon producers into a strong, independent spirits company with a commitment to Kentucky whiskey.
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Distilling more than seven million proof gallons annually, Bardstown Bourbon Company is one of the top 10 distilled spirits producers in the country. As a complement to its innovative contract distilling capabilities, Bardstown Bourbon Company produces many whiskies under its own brand but the core of its whiskey business is partnering to make multiple mash bills of spirits on its own stills.
Bardstown Bourbon Co. is also one of the first distilleries in the world-famous Kentucky Bourbon Trail to offer consumers a full-service restaurant experience on its 100-acre campus.
Green River Spirits Company will add the Green River brand as well as two production sites, positioning the combined business for continued growth in both Kentucky whiskey and custom distillation. 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 for bourbon drinkers and visitors.
“We’re excited to forge this new partnership, which brings together two world-class teams and expands the breadth of our portfolio and the number of customers served,” said Mark Erwin, CEO of Bardstown Bourbon Company. “Bardstown Bourbon Company was founded to honor the traditions and history of Kentucky bourbon while taking a wholly modern approach. The addition of one of the oldest distilleries in Kentucky allows us to offer a comprehensive assortment that showcases the state’s flagship industry.”
The acquisition includes the historic Green River Distilling Co. in Owensboro, Kentucky, which is the 10th oldest distillery in the state, and a state-of-the-art spirits production facility in Charleston, South Carolina. Like Bardstown Bourbon, in addition to its flagship Green River Kentucky Straight Bourbon Whiskey, Green River Spirits Company has a vibrant contract distillation business producing whiskey, rye, vodka, rum, gin, and flavored whiskey.
What Did Bardstown Bourbon Co. Pay for Green River Distilling Co.?
Like most of these private deals the terms of the agreement were not shared. The acquisition is scheduled to close in July, subject to customary closing approvals and conditions.
Bardstown Bourbon Company was itself sold in a transaction in March of this year. The company was acquired by Pritzker Private Capital – PPC. PPC invested alongside members of the Bardstown Bourbon management team and current investors.