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Texas’ Deep Ellum Sells Stake to Storied Craft Breweries

Photo courtesy Brewbound

Photo courtesy Brewbound

“Under the deal, Storied Craft Breweries will acquire a 56 percent stake in Deep Ellum, one of the fastest growing craft breweries in Texas, at least in part by buying out more than 20 minority partners from earlier investment rounds. The brewery will also receive $8 million in growth capital.

In an interview with Brewbound, brewery founder John Reardon said the deal would enable Deep Ellum to “clean up” its capital structure, something he sees as necessary for growth. Reardon, who will stay on as the CEO, will simultaneously increase his stake in the business, he said.”

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Texas’ Deep Ellum Sells Stake to Storied Craft Breweries