{"id":16645,"date":"2013-11-04T12:00:32","date_gmt":"2013-11-04T18:00:32","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=16645"},"modified":"2013-11-04T11:35:14","modified_gmt":"2013-11-04T17:35:14","slug":"clarksville-based-hand-family-companies-purchase-stake-in-chicago-based-beer-distributorship","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2013\/11\/04\/clarksville-based-hand-family-companies-purchase-stake-in-chicago-based-beer-distributorship\/","title":{"rendered":"Clarksville based Hand Family Companies purchase stake in Chicago based Beer Distributorship"},"content":{"rendered":"

\"BudweiserClarksville, TN<\/strong> – Hand Family Companies (\u201cHand\u201d), a family-owned beer distributor based in Tennessee, today announced it has reached an agreement to acquire Anheuser-Busch\u2019s 30-percent interest in CITY Beverage\u2013Illinois LLC (\u201cCITY\u201d) and partner alongside BDT Capital Partners (\u201cBDT\u201d) in its acquisition of 100-percent of River North Sales and Service LLC (\u201cRiver North\u201d) in two separate transactions, creating the largest distributor in Illinois and the Chicago metropolitan area market selling approximately 23.5 million annual case equivalents.<\/p>\n

Terms of the transaction were not disclosed.<\/p>\n

\"J.R.Hand\"<\/a>

J.R.Hand<\/p><\/div>\n

BDT Capital, which advises and invests in closely held companies, has owned its 70-percent stake in CITY since 2010. Concurrent with Hand\u2019s investment into CITY, BDT has also agreed to purchase 100-percent of River North from Yusef D. Jackson. River North will subsequently be combined with CITY. Both transactions are pending supplier and regulatory approvals and are scheduled to close by the end of the year.<\/p>\n

J.R. Hand, President and Chief Executive Officer of Hand, will serve in the same role for the combined entity while maintaining his position overseeing Hand\u2019s distribution operations in Tennessee and Kentucky.<\/p>\n

\u201cWe are thrilled for Hand Family Companies to enter the Chicago market. My wife’s family is from the Chicagoland area and we consider the city a second home,\u201d said J.R. Hand. \u201cOur company has been fortunate to see significant growth in recent years. The Chicago acquisition is another big step forward and will enhance our portfolio in a market we believe can continue to grow. I am excited about our partnership with BDT and look forward to the future.\u201d \u201cWe have enjoyed a productive relationship with Anheuser-Busch over the course of the last three years, and we look forward to continuing to serve the greater Chicago and suburban markets alongside very talented operators.<\/p>\n

J.R. and his organization will be a great complement to the strong team at CITY and River North,\u201d said Chip Dunn, a BDT Managing Director. \u201cCombining these companies will serve to unify the Anheuser-Busch distribution network in metropolitan Chicago and enable us to better serve our customers and consumers.\u201d<\/p>\n

About Hand Family Companies<\/h3>\n

Founded in 1949, Hand Family Companies is an Anheuser-Busch distributor headquartered in Clarksville, TN. The Company distributes approximately 17 million annual case equivalents, has approximately 450 employees and six facilities across Tennessee and Kentucky. The Company was founded as an Oertels \u201992 distributor, and in 1956 was awarded the distribution rights for Anheuser-Busch products in an eight county area surrounding Clarksville. Since that time, the Company has grown to include Cookeville, TN, Hopkinsville, KY, Owensboro, KY, Chattanooga, TN, and Memphis, TN.<\/p>\n

About BDT Capital Partners<\/h3>\n

BDT Capital Partners provides family-owned and entrepreneurially led companies with long-term capital. Based in Chicago, the firm has a $3 billion investment fund as well as an investor base with the ability to co-invest significant additional capital. Its affiliate, BDT & Company, works with family businesses to pursue their long-term strategic and financial objectives. BDT & Company provides solutions-based advice and access to an extensive network of world-class family businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"

Clarksville, TN – Hand Family Companies (\u201cHand\u201d), a family-owned beer distributor based in Tennessee, today announced it has reached an agreement to acquire Anheuser-Busch\u2019s 30-percent interest in CITY Beverage\u2013Illinois LLC (\u201cCITY\u201d) and partner alongside BDT Capital Partners (\u201cBDT\u201d) in its acquisition of 100-percent of River North Sales and Service LLC (\u201cRiver North\u201d) in two separate […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3],"tags":[14159,21202,21203,21204,5092,108,21205,19939,21206,21207,21208,512,825,21209,21210,14164,14166,13261,4117,21211,21212,21213,21214,21215,1758,21216],"class_list":["post-16645","post","type-post","status-publish","format-standard","hentry","category-business","tag-anheuser-busch","tag-bdt-capital","tag-bdt-capital-partners","tag-beer-distributorship","tag-budweiser-of-clarksville","tag-business-spotlight","tag-chattanooga-tennessee","tag-chicago","tag-chicagoland","tag-chip-dunn","tag-city-beverage-of-illinois-llc","tag-clarksville","tag-clarksville-tn","tag-cookeville-tennessee","tag-hand","tag-hand-family-companies","tag-hopkinsville-kentucky","tag-illinois","tag-kentucky","tag-memphis-tennessee","tag-oertels-92-distributor","tag-owensboro-kentucky","tag-river-north","tag-river-north-sales-and-service-llc","tag-tennessee","tag-usef-d-jackson"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-4kt","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/16645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/comments?post=16645"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/16645\/revisions"}],"predecessor-version":[{"id":16646,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/16645\/revisions\/16646"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=16645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=16645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=16645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}