Apax Funds to Acquire Controlling Stake in Ole Smoky Distillery from Centerview Capital

February 11, 2022

Funds advised by Apax Partners LLP agreed to acquire a controlling stake in Ole Smoky Distillery from Centerview Capital, with founders Joe Baker, Cory Cottongim and management remaining significant shareholders. Apax said it will work with management to accelerate growth, invest in the core brand and support strategic acquisitions; the company (headquartered in Gatlinburg, Tennessee) sold over 1 million 9L cases in 2021 and operates four distilleries visited by millions annually.

Buyers
Apax Partners LLP
Targets
Ole Smoky Distillery
Sellers
Centerview Capital
Industry
Food & Beverage
Location
Tennessee, United States
Transaction Type
Buyout

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