The ownership of Utah’s Uinta Brewing has changed hands once again.
Stamford, Connecticut-based sales and marketing firm United States Beverage announced today the formation of a joint venture with Colorado-based family office Crestone to acquire a 100% interest in the 29-year-old Salt Lake City craft brewery. The investment buys out Golub Capital, which acquired a controlling interest in the brewery in 2019.
Financial terms of the transaction were not disclosed. The deal closed on December 28.
Notably, US Beverage said Uinta’s leadership team, led by president Jeremy Ragonese, as well as its operations and staff would remain in place.
“We have been looking to find a brewery partner for a couple years now,” US Beverage president Justin Fisch told Brewbound. “US Beverage is a family-owned business [with] 25 years in the industry. We value good people, it’s a people’s business, and when we went out to look for breweries to partner with, Uinta and Jeremy’s team really rose to the top.”
*Image source: the Uinta Brewing Website