International Wine Associates Advises Washington's Sagemoor Vineyards In Sale To Allan Brothers - Press Release
April 10, 2014
Robert Nicholson of International Wine Associates, the mergers and acquisitions advisory firm that specializes in wine industry transactions, announced today that International Wine Associates serves as advisors to Washington’s Sagemoor Vineyards in the sale to Allan Brothers that will close by the end of April.
“This is the fourth significant transaction that International Wine Associates has completed in Washington since 2001” said Nicholson. “With the sale of Sagemoor, we will have sold over $100 million in Washington wine industry deals in the last twelve years. In 2001 Mike Hogue and Norm McKibben engaged us to sell Hogue Cellars to Vincor, then in 2008 we sold Columbia and Covey Run for Constellation and in 2001 we represented Pacific Rim Winemakers in the sale to Banfi”.
Sagemoor Vineyards is made up of four properties under common management : Sagemoor, Bacchus, Dionysus and Weinbau, and is a highly respected and diversified farming operation with 883 acres of wine grapes, 230 acres of cherries and 190 acres of apples. Sagemoor grapes are sold to over 70 Washington wineries and vineyard designated wines from Walla Walla Vintners, Tamarack Cellars, Barrister, Januik, Arbor Crest, Rasa Vineyards, Abeja, and Hedges, among others consistently, produce high scoring wines.
About International Wine Associates
Incorporated in 1990, International Wine Associates has initiated and completed over $1 billion in transactions. IWA is the leading mergers and acquisitions firm that specializes in the wine industry and has closed more transactions than any other advisor or investment bank in the business.
In addition to advising Sagemoor Vineyards in the sale to Allan Brothers, IWA has completed among other transactions, the sale of The Four Graces, Resonance Vineyard, Mayacamas Vineyards, Silverado Hill Winery, Lancaster Estate, Silver Oak’s acquisition of Sausal Vineyard, Edna Valley Vineyard’s sale to Gallo, Laurel Glen Winery, Pacific Rim Winemakers sale to Banfi, the Hangar One Vodka purchase by Jose Cuervo, the sale of various California and Pacific Northwest wineries and vineyards (Geyser Peak, Buena Vista, Gary Farrell, Atlas Peak, Columbia, Covey Run, Ste. Chapelle) for Constellation for $209 million, the sale of Bonny Doon’s Big House and Cardinal Zin brands, Cline Cellars’ sale of the Red Truck wine brand, the sale of Wild Horse Winery to Jim Beam, the Hogue Cellars sale to Vincor, Jim Beam’s acquisition of Geyser Peak Winery, the Errazuriz Caliterra joint-venture with Robert Mondavi and Heublein’s sale of The Greystone building in the Napa Valley to The Culinary Institute of America.