in a large number of transactions
across a wide spectrum of industries
FORT LAUDERDALE, Fla. (June 8, 2018) – Farlie Turner & Co. (“Farlie Turner”), a leading investment bank serving middle market companies, is pleased to announce that it served as advisor to CANarchy on its acquisition of Deep Ellum Brewing. In a transaction initiated by Farlie Turner that closed on June 8, CANarchy acquired Deep Ellum, one of Texas’ fastest-growing craft breweries, and the 4th largest independently-owned brewery in the state. Terms of the transaction were not disclosed.
Based in the Deep Ellum neighborhood of Dallas, Deep Ellum Brewing produced more than 33,000 barrels of beer in 2016. The brewery, founded by John Reardon in November of 2011, is well known in its home state for its flagship Dallas Blonde Ale and Deep Ellum IPA, among its portfolio of award-winning beers.
“Farlie Turner was delighted to play an integral role in this transaction,” stated Craig Farlie, a Managing Director at Farlie Turner. “Knowing both parties well, we’re pleased they agreed with our assessment that Deep Ellum’s can-centric philosophy and irreverent spirit were a perfect fit for the disruptive and innovative brewing culture embodied at CANarchy.” The transaction represents yet another successful craft beer deal for Farlie Turner’s beverage industry practice.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.
Founded in 2015, CANarchy is a disruptive collective of like-minded brewers dedicated to bringing quality and innovative flavors to beer drinkers in the name of independent craft beer. The portfolio of craft breweries, partially funded by Fireman Capital Partners, including Oskar Blues Brewery, Perrin Brewing Company, Cigar City Brewing, Squatters Craft Beer, Wasatch Brewery and now Deep Ellum Brewing, is challenging corporate convention to preserve independent craft beer culture. CANarchy’s goal is to be the #1 provider of American craft beer in a can by bringing value to distributors, retailers & beer drinkers. Cigar City’s Jai Alai and Oskar Blues’ Dale’s Pale Ale are currently the #1 and #2 sold craft can six packs in U.S. Grocery. The CANarchy platform brewed nearly 350,000 bbls in 2017 reaching all 50 U.S. states, Washington, D.C., parts of Canada, Puerto Rico, Sweden, Norway, Finland, Spain, France, the Netherlands, Belgium, Luxembourg, the U.K., Ireland, Australia, New Zealand, Chile, Brazil, and South Korea.