Cigar City swings into the Minnesota beer market this May

A taste of Florida sunshine is making its way to Minnesota, as Cigar City Brewing launches its beers in market this May. Northeast Minneapolis’ J.J Taylor Distributing Company will handle Cigar City’s distribution into Minnesota, the 18th state in the craft brewery’s distribution footprint. “Our recent launch in Chicago has experienced a lot of success … [ Read more]

Private equity in craft beer means a massive sell-off is coming

A terrific report in Forbes this morning details the effects of private equity investments in the craft brewing industry. During a recent  “meeting of the malts” in Pennsylvania, Dick Yuengling, Jim Koch (Boston Beer Co.) and Ken Grossman (Sierra Nevada), [pictured l-r, above], discussed the ramifications of outside investors seeking profits in craft beer. Victory … [ Read more]

Cigar City Brewing sells to private equity firm Fireman Capital

Brewbound reports that Tampa, Florida’s, Cigar City Brewing has agreed to sell a controlling interest to Boston-based private equity firm Fireman Capital Partners, which already owns majority stakes in Oskar Blues, Perrin Brewing, and the Utah Brewers Cooperative outfit that includes the Wasatch and Squatters brands. Together, the five craft breweries make up what the firm … [ Read more]