Kentuckiana-based venture capital company adds Evansville Brewery to Portfolio
Louisville, Ky. (June 16, 2017) – Neace Ventures, a Kentuckiana-based venture capital and real estate firm, has acquired Tin Man Brewing Co. in Evansville, Ind.
“Neace Ventures is excited to announce the acquisition of Tin Man Brewing Company,” said Neace Ventures President Brad Estes. “The synergies that this fine company brings to our food and beverage portfolio are countless. We proudly welcome the Davidson family into the Neace Ventures family.”
Tin Man Brewing, which is located at 1430 W. Franklin St. in Evansville, ceased its Tasting Room operations in late March but continued brewery production for its distribution network while seeking a new owner.
“We’re very excited about this partnership,” said Tin Man Brewing President Nick Davidson. “We have always been a family business, and now we’re becoming a part of a bigger family.”
The acquisition, which was prepared by Middleton Reutlinger and financed by German American Bank, expands Neace Ventures’ food and beverage portfolio, which already includes Old 502 Winery, Falls City Brewing Company, Over the Nine, and Brownies “The Shed” Bar and Grille. It also affirms Neace Ventures’ commitment to communities and partnerships.
“Falls City couldn’t be happier to welcome a new sister company. Tin Man’s brand reputation speaks for itself and its people are a class act,” said Falls City President Shane Uttich. “Our entire team is excited.”
In addition to the acquisition of Tin Man, Falls City previously announced that it will move its Louisville brewing and tap room operations to East Liberty Street in NuLu/Phoenix Hill. This will allow Old 502 Winery to expand its operations at 116 S. 10th St.
The Neace Ventures headquarters are located at 110 W. Main St. Louisville, Ky. Chairman John Neace founded the company after building and selling one of the nation’s largest insurance brokerages. Find out more about the company at neaceventures.com.