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Uinta Brewing Company has received an investment from venture capital firm The Riverside Company, which it plans to use to expand distribution, improve production capacity, develop products and other changes.
“In considering our options for growth capital, I spoke with many smart people as it was critical to me that our new partner truly understands craft beer and appreciates what makes Uinta so special,” said Will Hamill, CEO and founder of Uinta Brewing. “I wanted to make sure that we could continue to build our brand while maintaining the culture and values that have made Uinta the company it is today. I’m excited to embrace this support from Riverside” Hamill will remain as Uinta’s CEO and significant owner.
“We’re especially excited to partner with a strong and respected brand like Uinta,” said Riverside Managing Partner Loren Schlachet. “The craft beer movement is expanding significantly and Uinta has enormous growth potential in both new and existing markets.”
Uinta recently completed an $18 million brewery expansion and will continue to invest in expanding its production capacity and distribution footprint. In 2013, the brewery produced nearly 60,000 barrels of beer. It is one of the top 50 craft brewers in the United States by volume.