Investment firm Pritzker Private Capital recently acquired Bardstown Bourbon Company, producer and bottler of Kentucky bourbon and rye whiskey brands.
PPC is investing along with members of Bardstown Bourbon’s management team and current investors.
Mark Erwin, Bardstown’s president and CEO, and the current management will continue to lead the business, a statement from PPC confirmed. The financial terms were not disclosed.
Headquartered in Bardstown, Kentucky, and founded by Peter Loftin in 2014, Bardstown Bourbon provides custom distilling for premium brands in the bourbon and rye whiskey categories. The company’s capacity has quadrupled since it began distilling in 2016 to now distill more than 50 unique mash-bills for more than 30 premium spirits brands.
Bardstown Bourbon distills more than seven million proof gallons annually, placing it among the top 10 U.S.-based whiskey distillers by volume, making it the largest custom distiller in America.
“Bardstown Bourbon is redefining the bourbon industry,” CEO Erwin said in a prepared statement. “Our devotion to quality, custom distillation and innovations in blending, combined with a unique, modern Kentucky Bourbon Trail experience, have built a leading position in this high-growth category. We are thrilled to partner with Pritzker Private Capital to grow this company’s distilling, bottling and brand capacity to its greatest potential. The PPC team shares our commitment to a culture focused on innovation and teamwork. Together we will build on the legacy of our founder Peter Loftin and take this great company to the next level.”
Chris Trick, investment partner at PPC, said the Bardstown partnership is “an excellent fit with our experience and focus on investing in innovative food and beverage producers that combine state-of-the-art production capabilities and strong partnerships with leading brands.”
Tony Pritzker, chairman and CEO at PPC, said the team at Pritzker is focused on connecting family capital with family-owned companies, “and we have had the pleasure of getting to know Mark and the Bardstown team over the last few years. We are honored that they approached PPC as an ideal partner who brought both an understanding of the company’s family tradition and the resources to support its next phase of growth.”
The Bardstown Bourbon Company is set on 100 acres of active farmland in the heart of Kentucky, and its Collaborative Distilling Program allows custom production of bourbon and rye whiskey brands.
The Bardstown, Kentucky campus is described as the first Napa Valley-style destination on the famed Kentucky Bourbon Trail to combine distilling, culinary, and beverage expertise to create a modern bourbon experience.
For more information, check out BardstownBourbon.com.
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