NIWOT, Colo. — Bootstrap Brewing Company (“Bootstrap”), one of the fastest-growing and most dynamic regional craft brewers in the U.S. has entered into a strategic cooperation agreement with InterContinental Beverage Capital Inc.(“IBC”), which will assist in capital formation and strategic industry guidance. IBC is a New York-based advisory and investment firm with representative offices in Atlanta, Boca Raton, Los Angeles, and Lugano, Switzerland.
Founded in 2012, by Leslie and Steve Kaczeus, Bootstrap Brewing is a craft brewery established in Niwot, Colorado. Since its inception, it has expanded its business and consumer reach by creating a series of unique and distinguished craft beers. Bootstrap’s original release, Insane Rush, and the more recent Wreak Havoc are runaway successes in the Denver/Boulder market as well as in the mountain areas of Colorado. A master craft brewer, Steve’s recipes have won numerous awards in multiple craft beer competitions over the last few years.
A significant step in its development came in 2016 when Bootstrap was brought on by Coors Distributing Company and offered for sale across its territory. As of this release, Bootstrap had grown sales to over 5,000 bbl. annualized.
The dynamics in the craft beer industry are rapidly changing. Growth is slowing, and over-reaching expansion is getting being penalized. Steve and Leslie believe a strategy focused on its proven quality beer, regionally marketed to increase consumer loyalty and enthusiasm is the path to take in order to ensure the brand’s long-term health and viability. As such, that is exactly how they have positioned Bootstrap.
Steve and Leslie offered “the immediate goal will be to secure sufficient capital to allow Bootstrap to upgrade its operations, expand its footprint, continue its growth and to ensure that Bootstrap becomes the most sought-after and recognized craft beer in the region.”
IBC Partners, John Accardo, Joe Messina, and former Coca-Cola and Coors executive Stephen Horgan will be actively working on the project. Colorado-based, Accardo a former Brown Brown-Forman executive, stated “IBC feels Bootstrap is perfectly positioned to build its footprint in the Colorado, Intermountain market and beyond.” Horgan offered that “IBC has been looking for the right partner in the craft segment that matches its priorities and values. We think we have found it in Bootstrap. Leslie and Steve have done an outstanding job in just 6 years.”
For 2018, Bootstrap Brewing has forecasted continued aggressive growth with its current distribution partners and plans to sign additional distributors to handle the mountain regions of Colorado. The company will continue to grow production to achieve an estimated 8,000 bbl. this year.
About Bootstrap Brewing Company
Bootstrap Brewing Company is a craft brewery founded in Niwot, Colorado with is current offices and new brewery at 142 Pratt Street, Longmont, Colorado 80501
About InterContinental Beverage Capital, Inc.
IBC is a New York-based advisory and merchant bank focused on the beverage and consumer packaged goods industries. IBC has a worldwide network of strategic industry contacts, lending institutions, consultants, recruiters, and management teams. These sources provide expertise, industry capabilities, access to new customers, and valuable investment and commercial banking capabilities to partnership companies. IBC is actively seeking investments in its targeted verticals in companies, which have unique products and dedicated management that exhibit the ability to develop into category leaders. For more information log onto www.inbevcapital.com