Beer Yard The Beeryard · 218 East Lancaster Ave · Wayne, PA 19087 · Tel 610.688.3431 · 
Monday - Thursday 10AM-10PM · Friday - Saturday 10AM-11PM · Sunday Noon-5PM · Holidays - call for hours  

August 04, 2015 - Reuters: Lagunitas Exploring “Strategic Options”
It seems there’s always another rumor of a top-50 craft brewery sale.

Today, Lagunitas made a Reuters headline that suggested the country’s fastest-growing craft brewery is currently exploring “strategic options, including the sale of an equity stake.”

Citing “people familiar with the matter,” the news outlet said the company is working with Wells Fargo & Co. and could be valued “around $450 million.” Those same sources also said a joint venture was being explored, adding that “there is no certainty that any deal will materialize.”

Reached briefly by phone, brewery founder Tony Magee wouldn’t comment on the story or speculation that his company was for sale. Certainly, a deal with a private equity firm for the purpose of raising growth capital would represent a major turnaround from Magee’s statements last year. During a Brew Talks meetup at Lagunitas’ Chicago brewing facility, held last September, Magee shared his views on M&A activity in craft, speaking specifically to private equity’s involvement in the space.

Read more here.