Brooklyn Considering Equity Sale
For three decades, iconic Brooklyn Brewery in the namesake New York borough has resisted involvement from investment firms. But times are changing. Founder Steve Hindy told Reuters today that, with the $150 million price tag on their newly planned brewery (most likely in Staten Island), and with valuations at an all-time high, the company is seeking more capital to expand and keep on trucking. "So it's considering selling some equity with the help of investment banks, becoming one of more than a dozen U.S. craft brewery companies thinking about accessing the deep pockets of institutional investors," per story.
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