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Goat Patch Brewing completes acquisition of Pikes Peak Brewing to expand its presence in Colorado craft beer market

Nov 18, 2024•about 1 year ago

Acquiring Company

Goat Patch Brewing

Acquired Company

Pikes Peak Brewing

Colorado SpringsMonumentHospitalityFood and BeverageMusicManufacturing

Description

Colorado craft beer lovers, rejoice! Goat Patch Brewing Co. has acquired Pikes Peak Brewing Co., a well-loved Monument brewery with a 13-year legacy. This acquisition marks a new era for Goat Patch, priming it for growth and expansion. The strategic move is fueled by shared values and aims to continue the legacy of Pikes Peak while unlocking new opportunities for both brands.

Company Information

Company

Goat Patch Brewing

Location

Colorado Springs, Colorado, United States

About

Goat Patch Brewing Co. is a Colorado-based craft brewery known for its balanced brews and community-driven initiatives. Founded in 2017, it has quickly become a staple in Colorado Springs, earning accolades such as GABF and World Beer Cup medals. The brewery embraces the connection between craft beer and music, regularly hosting music nights at its taproom and supporting local and national acts.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed