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New Deal


Announced

OvareVentures to invest in Fort Hamilton Distillery.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private Equity

Acquisition

Private

Distillers and Vintners

Friendly

Domestic

distillery

Single Bidder

United States

Synopsis

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OvareVentures, a dedicated growth initiative of OvareGroup, agreed to invest in Fort Hamilton Distillery, a producer of super-premium rye whiskeys, bourbons, and soon, gin. Financial terms were not disclosed. "We have faithfully recreated a traditional New York Rye style that existed when classic cocktails (like Manhattans) were being invented. Although our products have received widespread acclaim, breaking into the spirits business is challenging and we’re confident that the support provided by OvareVentures and its team of agencies will help us gain national distribution and sales," Alex Clark, Fort Hamilton Owner.

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