Spirit Cruises Summer 2019 Leaderboard

Victory Brewing and Southern Tier Brewing Join Together Under New Craft Beverage Holding Company

by The Drink Nation on Feb 16, 2016 in Beer

In a surprising move, Victory Brewing and New York’s Southern Tier Brewing announced on Tuesday, February 16, that the two will unite under new ownership in what is sure to be a landmark craft beer venture. The new parent company, Artisanal Brewing Ventures (ABV), will provide capital and security to the breweries while allowing each to continue independent operations.
 
ABV was formed by Phin and Sara DeMink of Southern Tier and Ulysses Management LLC with the goal of creating a firm that can offer growth resources to exceptional craft breweries while maintaining close ties to a brewery’s founders. With macro breweries scooping up smaller brewers left and right, this model could throw a major wrench in Big Beer’s plans.
 
In the venture’s announcement, Victory’s Founder and Brewmaster, Bill Covaleski, said “The craft beer community is at its most critical moment since its inception as larger brewing corporations have bought into our grassroots movement, irrevocably changing the marketplace. Like-minded brewers such as Victory and Southern Tier can preserve our character, culture, and products by banding together. Allied we can continue to innovate and best serve the audience who fueled our growth through their loyal thirst.”
 
This new alliance creates a craft brewing company that ranks within the top 15 in the United States under the Brewers Association’s criteria. The combined brewing capacity of ABV has the potential to reach over 800,000 barrels annually. This is great news for Victory and Southern Tier fans as it will allow both breweries to expand distribution and availability.

After last year’s multitude of craft beer buyouts, we’re happy to see a partnership like this forming. It certainly won’t be the end of AB-InBev acquisitions, but it could definitely start a shift in the landscape of mid-level breweries looking to expand. 

Photo via Victory Brewing Company


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:
 
Behind the Bar: Bartender Barry (Johnson)

Behind the Bar: Bartender Barry (Johnson)

In this installment of Behind the Bar, we sit down with Barry Johnson, better known as "Bartender Barry" of Instagram and as cocktail catering special...read more ›

by Drink Philly Feb 9, 2022
Best Bars for Outdoor Drinking in Philadelphia, 2019

Best Bars for Outdoor Drinking in Philadelphia, 2019

Whether it's to enjoy the first warm breezes of spring or the unexpected sunshine of a crisp day in fall, Philadelphia is full of great places to drin...read more ›

by Drink Philly Apr 11, 2019
Victory Brewing's New Philadelphia Location on the Parkway Now Open

Victory Brewing's New Philadelphia Location on the Parkway Now Open

Victory Brewing Co just launched their newest venture right in the heart of Philadelphia, making the former TG...read more ›

by Drink Philly Oct 26, 2021
SPONSORED
The Best Cocktail Bars in Philadelphia

The Best Cocktail Bars in Philadelphia

Here it is - the definitive list of Philadelphia's best cocktail bars....read more ›

by Drink Philly Dec 13, 2017
Philly Cider Week Returns This Year, October 26-31

Philly Cider Week Returns This Year, October 26-31

Cider fans rejoice because after taking a hiatus last year, Philly Cider Week is back for it's third year....read more ›

by Drink Philly Oct 14, 2021
 Victory's New Philadelphia Brewery on the Parkway to Open this Fall

Victory's New Philadelphia Brewery on the Parkway to Open this Fall

Victory Brewing Co. is opening its first Philadelphia taproom and brewery in the heart of Center City at 1776 ...read more ›

by Drink Philly Oct 12, 2021
Drink Philly's Red, White, & Blue Boat Party, July 1

Drink Philly's Red, White, & Blue Boat Party, July 1

Party on a yacht down the Delaware River in style with a three hour open bar, a dinner buffet, and a live DJ all included with your ticket....read more ›

by Drink Philly Jun 4, 2021
Local Winery Spotlight: Vox Vineti Wines

Local Winery Spotlight: Vox Vineti Wines

Ed Lazzerini says his goal is clear - to make world class wine in Pennsylvania. From the taste of it, he is well on his way. ...read more ›

by Drink Philly Nov 21, 2020
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 26, 2018
The History of The Boulevardier Cocktail - and How You Can Make it at Home

The History of The Boulevardier Cocktail - and How You Can Make it at Home

In this history segment, we take a closer look at a classic cocktail: The Boulevardier....read more ›

by The Drink Nation Nov 2, 2020
SPONSORED
View all Articles

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

Close