Smoky Mountain distillery, also known as Ole Smoky, is currently owned by Centerview Capital. This private equity firm has played a significant role in the growth and expansion of the distillery. Since Centerview Capital acquired Ole Smoky, the company has experienced remarkable growth, nearly quadrupling in size. This success can be attributed to the strong partnership between Centerview Capital and the management team led by Robert Hall, as well as the continued involvement of Ole Smoky founders, Joe Baker and Cory Cottongim.
Centerview Capital highly values its partnership with Joe Baker, Cory Cottongim, and the entire management team. This partnership has been instrumental in driving the distillery's growth and success. The founders and management team will remain significant shareholders in the company, indicating their continued commitment and involvement in the business.
Personally, as an expert sommelier and brewer, I appreciate the dedication and passion that goes into owning and operating a distillery. It takes a deep understanding of the craft and a strong vision for the future. In the case of Ole Smoky, the collaboration between Centerview Capital and the founders has proven to be mutually beneficial, resulting in impressive growth and expansion.
When it comes to ownership in the spirits industry, it is not uncommon for private equity firms to play a significant role. They often provide the necessary capital, strategic guidance, and industry expertise to help distilleries reach their full potential. This partnership model allows the founders and management team to focus on their craft while benefiting from the resources and support of a larger organization.
The ownership of Smoky Mountain distillery, or Ole Smoky, lies with Centerview Capital, with Joe Baker, Cory Cottongim, and the management team as significant shareholders. This partnership has been key to the distillery's growth and success, and it exemplifies the collaborative nature of the spirits industry.