Home » Dogfish Head Sells 15 Percent Stake to LNK Partners

Dogfish Head Sells 15 Percent Stake to LNK Partners

 
Dogfish Head Sells 15 Percent Stake to LNK Partners

Dogfish Head, the country’s 13th largest craft brewery, today announced it has sold a 15 percent stake to LNK Partners, a New York-based private equity firm that has previously invested in companies like Niman Ranch, Performance Bicycle, Beachbody and Au Bon Pain, among others.
Specific financial terms of the transaction were not disclosed. On its website, LNK said it typically invests between $50 — $150 million. Half of those investments are for minority equity positions, according to the firm.

LNK will obtain one seat on Dogfish Head’s board of directors, which currently has five voting members, as well as informal advisors. The brewery’s primary goal, Calagione said, is to fuel enough growth that it can eventually repurchase LNK’s 15 percent stake and keep Dogfish Head “family-controlled” for the next decade.
 

And here is Sam Calagione’s response to the critiques:
Dogfish is not huge. I don’t know the exact math but I guess we are somewhere around one tenth of one percent of the US beer industry. An industry of 4000 breweries where two international conglomerates control over 80 percent of our country’s beer market. Something doesn’t seem quite right about that to me. Which is a big part of the reason I believe in the Brewers Association definition of a craft brewery and why we are making the decisions we are making at Dogfish. I know not every beer lover shares this belief and that’s cool – to each their own. IF there was only one opinion we would all be drinking one beer and that would suck. But a lot of us do believe in the Brewer’s Association definition and there are a whole lot of small (not huge) breweries of different degrees of small (not huge) betting on this. Dogfish is still controlled by the Calagione family by a very healthy margin – one husband, one wife, two kids (a pretty small family, not huge). We’re a Mom and Pop shop and we are proudly working alongside 230 amazing and talented co-workers making a lot of off-centered goodness. We intend to keep it this way at least until our kids are old enough that we know if one or both of them are willing and capable of keeping it going.

 

Weekly Specials & Events

Monday:

  • Massage Monday: 5-8 PM $10 for 10 minutes with licensed therapist, Josh Lentz.
  • Beer Flights: nine 5 oz samples for $18.
  • Monday Night Nitro: $1 off nitrogen pours.

Tuesday:

  • $1 off all ciders, glasses of wine & mead.

Wednesday:

  • $10 pitchers: Bartender’s choice.

  • BYOT (Bring Your Own Trivia): The next wave of pub trivia. Prizes include gift certificates to Chop’s Deli, Memory Lane Comics, Marks of Distinction, as well as beer from us.

Thursday:

  • Throwback Thursday: Revisit one of our old favourite beers.
  • ExBEERiment: This week, Kelsie will be infusing Moylan’s Celts Golden Ale with cucumber. The first pint pours at 9 PM.

Friday

  • New Favourite Friday: Try the latest & greatest!

Saturday:

  • Bartender’s Choice: You never know what you’re going to get!

Sunday:

  • Beer Church: This week we’re doing a split church with two fine ales from Bosteels of Belgium. First mass will be Pauwel Kwak, a Belgian strong ale, and second mass will be Tripel Karmeliet, a tripel. Don’t miss out on these shapely stems!
Draft Beer
For a real-time draft, bottle & wine list, please visit our website: capefearwineandbeer.com

Departures

Don’t miss your connection! These drafts are currently on tap but they won’t last long!

Cask: Champion/NOFX Stickin’ In My IPA
Cider: Sonoma Zider Zinfandel Barrel-Aged Cider
Cider: Original Sin Dry Cider
Mead: Redstone Nectar Of The Hops Dry-Hopped Mead
Nitro: Founders Rubaeus Raspberry Ale
Nitro: North Coast Old Rasputin Russian Imperial Stout
Ballast Point Calico Amber
Ballast Point Sculpin IPA
Check Six Harley Pope Imperial Vanilla Porter
Coronado Orange Avenue Wheat
Deep River 4042 Chocolate Stout
Duck-Rabbit Marzen
Evil Twin Mission Gose with Eucalyptus
Fuller’s London Porter
Fuller’s London Pride Pale Ale

Green Man ESB
Haw River Regent’s Rye Tripel
Humboldt Red Nectar Red Ale
Piraat Belgian Strong Pale Ale
Port City Maniacal Double IPA
Southampton Keller Pils
Stone Your Father Smelt of Elderberries Medieval Ale
Stoudt’s Fourplay IPA with Apollo Hops
Stoudt’s Rye Porter
Tröegs Hop Knife Harvest Ale
 

Arrivals

These beers are scheduled for landing very soon. They’ll be on our itinerary shortly.

Cask: Shmaltz Wishbone Session Double IPA With Mosaic Hops
Cask: Heavy Seas Loose Cannon IPA With Warrior Hops & Grapefruit
Cask: Hi-Wire Hop Circus IPA with Cucumber
Cider: Ace Pineapple Cider
Cider: Ace Pumpkin Cider
Mead: Redstone Pumpkin Nectar
Nitro: Rivertowne Cascadian Devil ESB
Nitro: Ballast Point Grapefruit Sculpin
Nitro: Left Hand Milk Stout
Atwater Bloktoberfest
Ballast Point Dead Ringer Oktoberfest
Broomtail Acerbic Ecstasy IPA
Carolina Brewery Bullpen Pale Ale
Deep River Backcountry Black IPA
Deep River Mango Tango Foxtrot IPA
French Broad Gateway Kolsch
Haw River Newlin’s Original Belgian Oatmeal Pale
Humboldt White Footed Hefeweizen
Ipswich Session IPA
Lost Coast Saison
Shmaltz Wishbone Session Double IPA
Southampton Burton IPA
Southampton Pumpkin Ale
Stoudt’s American Pale Ale
Stoudt’s Scarlet Lady ESB

 
New Cans & Bottles
Ska Decadent Imperial IPA
Southern Tier Warlock Imperial Pumpkin Stout
Stone Your Father Smelt of Elderberries
Wines by the Glass
White:

Chardonnay- Emerald Bay (Sustainably produced) (California) NV
Columbard/Petit Manseng/Ugni Blanc- Domaine des Cassagnoles (Côtes de Gascogne, France) 2014
Pinot Gris- Skyfall (Columbia Valley, Washington State) 2013
Riesling- Sun Garden (Germany) 2012
Semillon/Sauvignon Blanc- Chateau Anniche (Bordeaux, France) 2014

 
Red:

Cabernet Sauvignon- Carmenet (California) 2013
Malbec- Luminis (Mendoza, Argentina) 2012
Merlot- Emerald Bay (California) 2012
Pinot Noir- Garnet (Monterey County, California) 2013
Syrah/Grenache- Château Michel Cazevieille (France) 2012
Inside the Connoisseur’s Cabinet
 
Cascade Blackcap Raspberry: Blended wheat & blond ales ages in oak barrels with blackcap raspberries for up to 14 months. 2015 vintage. 7.63% ABV

Cascade Kriek: Blended sour red ales aged in oak barrels with cherries for up to 14 months. 2014 vintage. 8.5% ABV

 
Cascade Sang Rouge: Blended sour red ales aged in oak wine barrels and oak foundres for up to three years. 2013 vintage. 8.4% ABV
 
Cascade Strawberry: Blended wheat & blonde ales aged in oak barrels with wild strawberries & vanilla beans for up to 12 months. 2014 vintage. 7.56%
 

by Cape Fear Wine & Beer