Bonny Doon Vineyard founder Randall Grahm Sells Company to WarRoom Ventures LLC.
January 10, 2020
Bonny Doon Vineyard founder Randall Grahm made it official on Friday, announcing he sold his company to WarRoom Ventures LLC.
Grahm remains as winemaker and partner with WarRoom Ventures, a wine company based in Santa Margarita in San Luis Obispo County. The company invests in and develops wine brands. WarRoom’s other ventures includes Lapis Luna wines.
Bonny Doon closed its tasting room in Davenport on Dec. 23.
Grahm founded Bonny Doon Vineyard in 1983. The winery’s flagship wine was Le Cigare Volant, a Rhone-style wine named after a 1954 ordinance from Chateauneuf-du-Pape law prohibiting flying cigars from flying over the French village.
“The WarRoom team has provided a new home for Bonny Doon by providing energy, a forceful sales team and a contagious passion for the brand,” Grahm said in a written statement Friday.
“While I am personally rather pacifistic in nature, I am sympathetic to their putative ‘war against Big Wine’. Lapis Luna, and parent company WarRoom Ventures have affirmed that they are committed to Bonny Doon Vineyard’s vision of making high quality, soulful wines with minimal intervention,” Grahm said.
Longtime Bonny Doon production manager Nicole Walsh will continue to oversee winemaking.
In 2018, Grahm released the 34th vintage of Le Cigare Volant in a new style. He wrote about the change in a blog item titled “Requiem for a Flying Cigare.”
The terms of the deal were not disclosed. However, Grahm in December signed two property deeds “with assignment of rents” with WarRoom Ventures, including one on Dec. 31 for $2.4 million and another filed on Dec. 20, for $251,866. PNB Paribas Securities acted as an advisor on the transaction.
WarRoom Ventures’ team include Andrew Nelson, Don Daniels, Tom Funk, Bruce Wise. Evan Nelson, and British television producer Ken Warwick.