Wiseacre Brewing Acquires Bearded Iris Brewing, Uniting Two of Tennessee’s Prime Craft Breweries
Memphis-based Wiseacre Brewing Firm has acquired Nashville’s Bearded Iris Brewing in a deal introduced this week, combining two of Tennessee’s largest craft breweries.
Wiseacre Brewing, by way of its Abel Brewing LLC, has utilized for allow modifications for Bearded Iris’ areas at 101 Van Buren St. and Sylvan Provide at 4101 Charlotte Ave.
Bearded Iris was based in 2014 by Paul Vaughn, Matt Miller, and Kavon Togrye in Nashville, Tennessee. Wiseacre Brewing was established a yr earlier in Memphis by brothers Kellan and Davin Bartosch. The merger is seen as a strategic alliance throughout the Volunteer State, geared toward overcoming challenges dealing with the craft beer trade, together with rising prices, pandemic fallout, growing insurance coverage bills, and shifting shopper preferences.
IndieBrew and Scofflaw
In October 2021, Atlanta-based Scofflaw Brewing based IndieBrew, a brewing collective. Bearded Iris joined IndieBrew in December of that yr. The collective offered shared enterprise companies, from HR to brewing operations, to boost the long-term sustainability of member breweries. Bearded Iris co-founder Kavon Togrye was deeply concerned within the initiative.
Discussions about IndieBrew have been scarce since late 2022. The acquisition of Bearded Iris, which doesn’t contain Scofflaw Brewing, seemingly impacts the IndieBrew partnership.
Future
The acquisition brings two of Tennessee’s hottest craft beers—Wiseacre’s Tiny Bomb (a pilsner) and Bearded Iris’ Homestyle (an IPA)—below one model. No phrase of any management modifications or exits by any current brewery founders.
Monetary phrases of the transaction weren’t disclosed.
Growing…
