(Salt Lake City, UT) – Last week, Fireman Capital Partners announced the purchase of a “significant” stake in Utah Brewers Cooperative.
The announcement didn’t disclose the percentage stake or the dollar figure but, thanks to the Boston Globe, we have a bit more info now…
The beer and attitude have drawn the attention of investors at Fireman Capital Partners in Boston, which is pouring about $35 million into the beer maker in exchange for a majority stake.
That is a big dollar amount considering that Goose Island sold to A-B InBev for $39 million just 18 months ago.
The Brewers Association defines a brewery as independent for the purposes of qualifying as a “craft brewery” if, “Less than 25% of the craft brewery is owned or controlled (or equivalent economic interest) by an alcoholic beverage industry member who is not themselves a craft brewer.”
Because FCP is outside of the alcohol industry, expect Utah Brewers Cooperative’s production to continue to be grouped in with other craft brewers.