Boca Raton, Fla.-based investment firm Brockway Moran & Partners has invested an undisclosed amount in The Country Vintner, a distributor and importer of wines and spirits. The Country Vintner is based in Ashland, Va. Terms of the investment were not released.
Brockway Moran & Partners, Inc. (“Brockway Moran & Partners”), a Florida-based private equity firm, announced today that it has, in partnership with management, made a significant investment in The Country Vintner, Inc. (“The Country Vintner” or “TCV”), a leading distributor and importer of wines and American craft spirits.
Headquartered in Ashland, Virginia, The Country Vintner distributes a wide range of high quality wines and American craft spirits, serving restaurants and retailers in Virginia, Florida, North Carolina, South Carolina, Delaware, Maryland, West Virginia and Washington D.C. The Company distributes over 1,500 wine and spirits labels and maintains direct relationships with nearly 400 key domestic and international wineries and distilleries. TCV distinguishes itself with its customers through its broad product selection, knowledgeable sales force of trained wine and spirits consultants and on-site merchandising services.
Peter C. Brockway, Managing Partner at Brockway Moran & Partners, stated, “TCV is a terrific company — one that has grown both organically and through acquisition under the strong direction of David Townsend and his deep management team. We are fully aligned with management’s strategy to continue to expand TCV’s distribution footprint as well as continue to build upon the successful relationships it has with its customers and suppliers.”
David Townsend, President and CEO of The Country Vintner, commented, “We are excited to announce this transaction and be able to leverage the capital and resources of Brockway Moran & Partners. Brockway Moran & Partners’ philosophy of investing alongside management to build already successful growth oriented companies into larger and more diverse enterprises will be beneficial to TCV.”
About Brockway Moran & Partners:
Brockway Moran & Partners (www.brockwaymoran.com) is a private equity firm with more than $1.3 billion of capital under management. The firm acquires growth-oriented middle market companies valued between $50 million and $300 million in partnership with exceptional management teams. Brockway Moran & Partners focuses on businesses with significant growth opportunities either through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 60 acquisitions.