Clarksville based Hand Family Companies purchase stake in Chicago based Beer Distributorship
November 4, 2013
Clarksville, TN – Hand Family Companies (“Hand”), a family-owned beer distributor based in Tennessee, today announced it has reached an agreement to acquire Anheuser-Busch’s 30-percent interest in CITY Beverage–Illinois LLC (“CITY”) and partner alongside BDT Capital Partners (“BDT”) in its acquisition of 100-percent of River North Sales and Service LLC (“River North”) in two separate transactions, creating the largest distributor in Illinois and the Chicago metropolitan area market selling approximately 23.5 million annual case equivalents.
Terms of the transaction were not disclosed.
J.R.Hand
