Spirit of Philadelphia Holiday 2017 Leaderboard

Dogfish Head Brewery Is the Latest Craft Brew to Go Corporate

by Nina Starner on Sep 29, 2015 in Beer

Dogfish Head Brewery announced today that they have sold a 15% stake to LNK Partners. The latter is a private equity company based out of New York who owns similar investments in companies like Au Bon Pain and Beachbody, and they will gain a seat on the board of directors at Dogfish as a result. Dogfish’s reported current goal is to be able to use LNK’s investment for enough growth to buy back that 15%, especially after their huge, recent expansion that ran them about $50 million.
 
The brewery itself, of course, will continue to be run by the Calagione family and Nick Benz, the current CEO, and LNK’s investment appears to be a simple financial assist to help a family-owned craft brewery expand as much as possible.

This is the sixth recent craft brewery acquisition by a larger company, and it’s clearly becoming a trend - if these small companies want to expand as effectively as possible, they’ll need some serious capital without having to sacrifice any of their quality. Luckily, it looks like not much will change at Dogfish, aside from hopefully wider distribution throughout the country.
 
Photo via Dogfish Head

Tags: Beer
Recent Articles
spacer

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Game of Thrones & HBO Are Releasing their 13th Beer Collaboration, Hand of the Queen

Game of Thrones & HBO Are Releasing their 13th Beer Collaboration, Hand of the Queen

Game of Thrones might not be coming back until 2019, but you can still drink like Tyrion Lannister with the ne...read more ›

by Drink Philly Jan 12, 2018
Behind the Bar: Marie Piraino of Bud & Marilyn's

Behind the Bar: Marie Piraino of Bud & Marilyn's

This week on Behind the Bar, we spoke to Marie Piraino at Bud & Marilyn's....read more ›

by Drink Philly Jan 10, 2018
Where to Host a Private Event in Philadelphia

Where to Host a Private Event in Philadelphia

Whether it's for the holidays or you have a special birthday coming up, Philadelphia has some amazing options when it comes to event spaces. ...read more ›

by Drink Philly Nov 6, 2017
SPONSORED
Skygarten Rectangle Ad
Vodka-Infused Chocolate is Here to Ruin Your New Year's Resolutions

Vodka-Infused Chocolate is Here to Ruin Your New Year's Resolutions

The adult candy company, Sugarfina, is behind this sinful creation of vodka-infused chocolate cordials, and th...read more ›

by Jessie Donofrio Jan 10, 2018
La Peg's Ice Bar Pegsicle Returns for the Winter, January 15

La Peg's Ice Bar Pegsicle Returns for the Winter, January 15

Things are about to get brisk at La Peg with the return of Pegsicle, an outdoor bar made out of hand-carved ice. ...read more ›

by Jessie Donofrio Jan 10, 2018
'World's Most Expensive' Vodka Bottle Stolen, Later Found Empty

'World's Most Expensive' Vodka Bottle Stolen, Later Found Empty

The bar world was shaken last week when a bottle of vodka, reportedly the most expensive in the world at $1.3 million, was stolen from Cafe 33, a bar ...read more ›

by Alexander Frane Jan 9, 2018
Philly's Best Happy Hours: a.bar's Oysters, $8 Punch & Wines, and $4 Beers

Philly's Best Happy Hours: a.bar's Oysters, $8 Punch & Wines, and $4 Beers

This week, we're focusing on a.bar, the chic, casual counterpart to a.kitchen, which you can find right at the...read more ›

by Drink Philly Jan 4, 2018
Snow Day Specials and Bars Open in Philadelphia

Snow Day Specials and Bars Open in Philadelphia

It's a snow day here in Philly! Keep checking back, as updates will be posted all day....read more ›

by Drink Philly Jan 4, 2018
Hangover-Free Cannabis Wine Now Being Sold in California

Hangover-Free Cannabis Wine Now Being Sold in California

Rebel Coast Winery was ready for California's change in legislation, as their marijuana-infused sauvignon blanc hit the shelves as the clock struck mi...read more ›

by Jessie Donofrio Jan 3, 2018
A New Study Shows that Wine Glasses Are Getting Bigger and Bigger

A New Study Shows that Wine Glasses Are Getting Bigger and Bigger

Good news for winos: a new study from the University of Cambridge says that the size of a standard wine glass is a full seven times larger than it was...read more ›

by The Drink Nation Jan 3, 2018
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close