August 20, 2013

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Phoenix Wine & Spirits Acquired by Southern Wine & Spirits of Utah

Press Release

August 20, 2013

Salt Lake City — Phoenix Wine & Spirits of Salt Lake City, Utah will be acquired by Southern Wine & Spirits of Utah (SWS-Utah). The combined entity—operating under the SWS-Utah name—will be the largest wine broker in the state.

“I could not be more thrilled to work with Patrick Delaney and his team in the great state of Utah,” said John Klein, executive vice president and general manager of Southern Wine & Spirits of the Pacific Northwest. “Phoenix is the oldest and largest wine brokerage company in Utah, and we are proud to merge their capabilities with ours as we capitalize on Phoenix’ unparalleled institutional knowledge of the Utah wine business.”

“Working with Southern on this exciting combination has been a pleasure,” Phoenix president and CEO Patrick Delaney. “I personally appreciate the respect they have shown to me, the entire Phoenix organization and Phoenix’ 20-year reputation across the State of Utah

The deal is scheduled to close by the end of August, pending customary legal and regulatory review — with joint operations targeted for September 2013.

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