Peakview Partners is pleased to announce that private equity firm LK Capital has invested in Beer Drop and Craft Alley, leaders in the direct-to-consumer alcohol delivery market. Peakview served as the advisor to LK Capital.
“Working with Peakview Partners was incredibly valuable to the consummation of this transaction,” said Steve Foreman, Founder of LK Capital. “This is our third deal working with the Peakview team and they always impress me with their professionalism, candid assessments, and expertise in getting a transaction closed.”
Beer Drop is the premium craft beer club that helps beer fans discover new craft beers they love by delivering a custom mix of fresh, highly-rated craft beer to members’ doorsteps each month – with five unique breweries represented in every delivery. Founded in 2017 by brothers Bryce and Bret Forester, Beer Drop services over 10,000 subscribers monthly with their Beer of the Month club, bringing high-end hard to get craft beers to discerning customers in over 40 states. Their proprietary software platform uniquely allows members to indicate their preferred beer styles and flavor profiles, which are then used to match members with the highest-rated, new craft beers from a constantly rotating selection of over 500 beers.
LK Capital is a private equity firm focused on Colorado-based companies. Beer Drop is LK Capital’s 5th investment since 2017 and continues the firm’s thesis of investing control positions in Colorado-based companies servicing national customers. Founder Steve Foreman said, “I love the Colorado market and the rich set of entrepreneurial talent that has grown companies to a point where we at LK Capital can be a value-added partner in their journey. Beer Drop is a great company on a dynamic growth trajectory. Most importantly, the founders Bret and Bryce Forester, are committed to the business and have proven they can execute to their vision.”
For more information on Beer Drop and Craft Alley, please visit www.beerdrop.com.