Made By The Water, LLC (MBTW), a portfolio company of Wiregrass Equity Partners and owner/operator of Oyster City Brewing Company, has reached an agreement to acquire North Carolina based Catawba Valley Brewing Company (CVBC) producer of Catawba, Palmetto, and Twisp branded craft beverages.
CVBC was founded by Billy, Jetta, and Scott Pyatt in 1999, and they have grown it to include five brewing locations, six tasting rooms, and distribution into five states.
“We love the craft brewing industry and our 130 Catawba-family coworkers. But one day you wake up and you’re sixty years old”, said Billy Pyatt, older brother and CEO of Catawba, “You realize it’s time we knock some things off our bucket list. Jetta, Scott, and I are extremely fortunate to have met the Wiregrass folks. Their business model, a great mix of tasting room retail and wholesale sales, almost exactly mirrors ours. They value our people, markets, customers, and most of all, our culture.
“While Scott intends to stay aboard awhile, Jetta and I know we are leaving CVBC in great hands.”
Added Alexi Sekmakas, CEO of Made By The Water: “Made By The Water and Oyster City Brewing Company, were founded on the principles of local engagement, great beer, and most importantly the assembly of inspirational people thirsty to make an impact. Over the last several years we’ve proudly grown Oyster City Brewing Company from a humble corner taproom to an entrenched regional brewery with locations and influence across the Gulf Coast of Florida, and Alabama,” they said. “As we unify, we seek to continue developing on the incredible vision of Catawba and Palmetto Brewing to form a Southeastern craft beer family that is authentically deep in the shallows.”
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