Megan McKay, who founded Peace Tree Brewing — one of Iowa’s first craft breweries and the first 100% woman-owned Iowa brewery nearly 15 years ago — announced today she is seeking a new owner or ownership group to propel the company forward.
Established in 2009, Peace Tree has been a trailblazer in the modern craft beer movement. Starting as a small taproom in downtown Knoxville, Iowa, the brewery emerged from McKay’s desire to create a place for community, connections, and conversations. In 2017, Peace Tree also opened a Des Moines taproom in the Historic East Village.
“I’ve had the time of my life building a business that has exceeded my expectations,” said McKay, a Knoxville native and University of Iowa graduate. “We’ve created an economic spark in Knoxville, driven tourism, generated employment opportunities, enhanced community bonds, crafted exceptional beverages, and had a blast doing it all.”
Today, in addition to its two taprooms, Peace Tree has evolved into a full-scale production facility with distribution networks across Iowa and Nebraska. The brewery was listed as producing 3,108 barrels in 2022, according to figures released by the Brewers Association. The brewery’s lineup includes gold medal winners Blonde Fatale and Get A Little Hazy as well as its popular non-alcoholic Root Beer.
As the business has grown and matured, McKay said her energy and passions have evolved.
“It’s time for fresh ownership to take Peace Tree and our remarkable team to the next level,” she said.
While she seeks a new owner or team, McKay will continue to drive the company and the brand forward.
“Peace Tree is not closing its doors,” she said. “Normal operations will continue uninterrupted, and plans for 2024 are already in motion with some exciting new beers we think customers will love.”
McKay’s vision for the future of Peace Tree is clear.
“I’m looking for someone who can carry on the legacy and take the company to new heights,” she said. “Different skill sets and energies are required for the startup phase compared to running a mature business. Peace Tree is strong, and I’m excited to see where the next owner will lead the company.”
Those interested in ownership opportunities can contact Kevin Lease or Rey Gonzales at Murphy Business Sales. E: [email protected] c: 515-559-4094 or e: [email protected] c: 605-929-3760.
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