Bregal Sagemount has sold its stake in Keg Logistics to Seaport Capital in a deal between middle-market private equity firms.
As its name implies, Keg Logistics provides management and logistics services to brewery clients and distributors, including in transportation.
Keg Logistics manages domestic and international logistics, third-party logistics support and equipment financing to more than 1,000 breweries and wineries globally.
“Keg Logistics and Bregal Sagemount successfully executed on a growth strategy that firmly positioned the company as a market leader in the keg management and logistics industry,” said Jershon Jones, a director at Harris Williams & Co. “We look forward to watching the continued growth and development of the company as it enters into its partnership with Seaport.”
“We have greatly enjoyed working with Keg Logistics’ management team and shareholders,” said Joe Conner, a managing director at Harris Williams. “Favorable industry dynamics and numerous opportunities to grow both organically and through acquisitions bode well for the company’s continued success.”
Keg Logistics CEO Chris Sapyta said, “In working with Harris Williams & Co., we have found a great new partner in Seaport and we look forward to beginning the next chapter together.”
