12th April 2019
MSI's Canadian specialist member Renaissance Mergers & Acquisitions is pleased to announce that Postmark Brewery (Postmark) has been acquired by Craft Collective Beerworks.
Founded in 2014, Steve Thorp and Mike Macquisten along with a Partner group proficient in food and beverage, branding, operations and culture embarked on developing what grew to be the leading West Coast Lifestyle Craft Brewery.The group decided to hone in on a Session Style, well balanced beer. The niche was a huge success and paired well with a strategic partner approach to growth; Postmark grew volume at a compound annual growth rate of 59% from 2014-2017.
At the time of the transaction, Postmark could be found in markets across Western Canada, Maritime Canada and Asia while developing high-value partnerships with Canada Sevens Rugby and Lululemon SeaWheeze. Postmark also developed one of the strongest online identities among craft breweries in Canada reaching ~ 35,000 engaged followers across four platforms including: Instagram, Facebook, Twitter and Soundcloud
Renaissance created a thorough and focused list of potential purchasers that aligned with the ethos, direction and opportunity Postmark was facing. The list included strategic multinationals, expert craft breweries and targeted private equity.
The process yielded a variety of offers all centered on harnessing the demand for the Postmark product portfolio. From signing the LOI to completing the transaction was 39 days.
It was Renaissance Mergers & Acquisitions pleasure to serve as the exclusive sell-side advisor to Postmark on this transaction.
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