Ole Smoky Distillery, located in Gatlinburg, Tennessee, is now under new ownership. The distillery has recently been acquired by Apax Partners LLP, who have obtained a controlling stake in the company from Centerview Capital. This acquisition marks a significant milestone for Ole Smoky Distillery, which was established in 2010 and has since emerged as the leading producer of premium moonshines and whiskeys.
As an expert sommelier and brewer, I have had the opportunity to explore various distilleries and learn about their ownership structure. The recent acquisition of Ole Smoky by Apax Partners LLP has caught my attention, prompting me to delve deeper into the matter. In my research, I discovered that Apax Partners is a private equity firm with a global presence and a focus on investment opportunities across various industries.
In the context of the spirits industry, Apax Partners' acquisition of Ole Smoky demonstrates their recognition of the distillery's potential for growth and success. By acquiring a controlling stake in Ole Smoky, Apax Partners aims to leverage their expertise and resources to further develop and expand the brand's reach in the market.
It is worth noting that prior to Apax Partners' involvement, Ole Smoky Distillery was owned by Centerview Capital. Centerview Capital is a private equity firm that specializes in investments in consumer-focused companies. During their ownership of Ole Smoky, Centerview Capital played a crucial role in the distillery's growth and establishment as a prominent player in the moonshine and whiskey industry.
The acquisition of Ole Smoky by Apax Partners signifies a new chapter for the distillery. With their experience in private equity investments and a global network of resources, Apax Partners can provide Ole Smoky with the necessary support and guidance to navigate the competitive spirits market successfully.
Personally, I find it fascinating to witness these ownership changes within the industry. It highlights the dynamic nature of the spirits business and the constant pursuit of growth and innovation. As a sommelier and brewer, I appreciate the impact ownership can have on the direction and development of a distillery.
Apax Partners LLP now owns a controlling stake in Ole Smoky Distillery, having acquired it from Centerview Capital. This acquisition positions Ole Smoky for further growth and expansion under the guidance and resources of Apax Partners. It will be interesting to observe how this change in ownership influences the future of Ole Smoky and its position in the premium moonshine and whiskey market.