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Oliver Winery & Vineyards Partners with NexPhase Capital to Accelerate Future Growth
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BLOOMINGTON, Ind., Jan. 25, 2021 /PRNewswire/ Oliver Wine Co, Inc. ( Oliver Winery, Oliver or the Company ) and NexPhase Capital, LP ( NPC, NexPhase or the Firm ) today announced that they have signed a definitive agreement for NexPhase to invest in Oliver Winery. The transaction is expected to close in early 2021.
Founded in 1972, Oliver Winery is now one of the largest wineries in the U.S. with over 700,000 cases sold in 2020. Oliver s high-quality, innovative and consumer-focused approach to winemaking continues to attract new fans across the U.S. with products such as Oliver Blueberry Moscato. Boosted by its enhanced footprint, increased points of distribution and partnerships with national retailers, Oliver Winery finished 2020 with 40% year-over-year growth.