Blackstreet Capital Holdings has acquired homebrewing supply retailer Northern Brewer from Anheuser-Busch InBev’s ZX Ventures

Blackstreet Capital Holdings has acquired homebrewing supply retailer Northern Brewer from Anheuser-Busch InBev’s ZX Ventures

Anheuser-Busch InBev’s innovation and growth division, ZX Ventures, has sold Minnesota-based homebrew supply retailer Northern Brewer to Blackstreet Capital Holdings LLC.

Financial terms of the transaction, which was announced in mid-July, were not disclosed.

“Since our investment in 2016 we’ve helped Northern Brewer make homebrewing easier and more accessible across the U.S.,” a ZX Ventures spokesperson told Brewbound via email. “We decided to sell Northern Brewer to Blackstreet Capital Holdings and wish them success in their new partnership to serve the homebrewing community for years to come.”

Blackstreet Capital Holdings, a Maryland-based holding company, is run by Murry Gunty, a self-described “investment professional” with 27 years of experience.

According to Gunty’s personal website, his Blackstreet Capital Holdings “rescues small- to mid-sized distressed companies.” The company’s website also states that it is not a private equity fund, but “a permanent holding company that seeks investments in debt and equity of lower middle market businesses or corporate orphans that are in out-of-favor industries or are undergoing some form of transition.”

In a press release announcing the sale, Gunty said the transaction returns Northern Brewer “to its roots as an independent supplier of high-quality kits, ingredients, and equipment.”

“We are excited to partner with Northern Brewer and to continue its tradition of serving the craft beer industry since 1993,” he added.

Northern Brewer operates brick-and-mortar stores in Minneapolis, St. Paul and Milwaukee. The company also runs a robust e-commerce business, selling ingredients and equipment homebrewers.

Kevin Kuby, Blackstreet Capital Holdings’ executive vice president, will serve as interim CEO of Northern Brewer.

Murry Gunty – Distressed Investor

murry_gunty

Murry Gunty

Murry Gunty, an investment professional with over 27 years of experience, is the CEO of Blackstreet Capital Holdings.  

Blackstreet Capital Holdings focuses on rescuing small to mid-sized distressed companies. Including predecessor companies, Mr. Gunty has led investments in approximately 40 businesses with aggregate of well over $1 billion in revenue.

Murry Gunty has invested in excess of $1.7 billion of equity and subordinated debt capital in over 50 transactions in his career. He was formerly a General Partner of Jacobson Partners, L.P., a middle-market private equity fund focused on control buyouts of business with up to $150 million in revenue. Mr. Gunty is a former partner in the real estate principal investment area of Lazard Freres & Co., LLC, where he co-managed $3 billion of capital in real estate-related private equity funds. He is a former associate of the Blackstone Group.

Mr. Gunty received an AB from Harvard College and an MBA from the Harvard Business School.