Announced
Completed
Financials
Tags
Completed
Single Bidder
recommendation services
software solutions
Friendly
United States
Minority
wine recommendations
beverage analytics
Software
Private Equity
Private
Acquisition
Domestic
Synopsis
Providence Strategic Growth, an asset management firm, completed an investment in Next Glass, a provider of software to the beverage alcohol industry. Financial terms were not disclosed. The investment intends to support the Next Glass' pursuit of add-on acquisitions of technology platforms serving beverage alcohol producers, wholesalers, resellers and consumers. "We are grateful for PSG's support in establishing this $2m Small-to-Medium Sized Business Support Fund. Breweries, bars, restaurants and other pillars of local communities around the world deserve our support during this trying period. We're committed to helping these businesses re-open and expand after restrictions lift," Trace Smith, Next Glass CEO.
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