The direct investing firm Pritzker Private Capital (PPC) has acquired Bardstown Bourbon Company.
PPC’s investment is alongside members of the BBCo management team and current investors, the company says. Mark Erwin, BBCo President and CEO, and BBCo’s current management will continue to lead the business.
Headquartered in Bardstown, KY, and founded by Peter Loftin in 2014, BBCo provides custom distilling options to brands in the bourbon and rye whiskey categories. The company’s capacity has quadrupled since it began distilling in 2016 to now more than 50 mash bills for more than 30 spirits brands.
BBCo distills more than seven million proof gallons annually, placing it among the top 10 U.S.-based whiskey distillers by volume.
In 2019, Bardstown Bourbon launched its own branded product line of Kentucky straight bourbons and blended whiskies, now available in 20 markets nationwide.
“Bardstown Bourbon is redefining the bourbon industry,” says Erwin in a press release. “Our devotion to quality, custom distillation and innovations in blending, combined with a unique, modern Kentucky Bourbon Trail experience, have built a leading position in this high-growth category.”
“We are thrilled to partner with Pritzker Private Capital to grow this company’s distilling, bottling and brand capacity to its greatest potential,” he adds. “The PPC team shares our commitment to a culture focused on innovation and teamwork. Together we will build on the legacy of our founder Peter Loftin and take this great company to the next level.”
Financial terms of the deal were not disclosed.
“Bardstown Bourbon has quickly established itself as a distilling leader for premium bourbon brands,” says Chris Trick, investment partner at PPC. “This partnership is an excellent fit with our experience and focus on investing in innovative food and beverage producers that combine state-of-the-art production capabilities and strong partnerships with leading brands.”
“With its innovative co-manufacturing strategy and experiential approach at its Bourbon Trail location, Bardstown Bourbon is poised for growth and expansion in the attractive premium spirits category,” he adds. “We are pleased to partner with Bardstown Bourbon’s talented leadership team to support the company’s exciting next chapter.”