Anheuser-Busch to Acquire Four Peaks Brewing Company

Anheuser-Busch has reached an agreement to acquire Four Peaks Brewing Company, a craft brewer in the state of Arizona. Four Peaks will represent the sixth operation to join the growing list of innovative and progressive craft breweries within The High End, the company's business unit providing unique craft and import brands.

"For 20 years we've had more amazing experiences than I can count doing what we love to do most—brewing great beer and sharing it with a growing craft community in Arizona that has supported us from day one," says Andy Ingram, Four Peaks co-founder. "We're excited to join the enthusiastic team and tap into their resources to expand our footprint and share our beer with even more people moving forward."

Four Peaks, which opened its doors in 1996, expects to sell approximately 70,000 barrels of beer in 2015. The brewery will continue to brew its award-winning beers, including its flagship beer, Kilt Lifter, a Scottish-Style Ale that accounts for more than 60 percent of the brewery's sales.

Four Peaks also produces limited releases like cask versions of its mainstay beers and its four-time World Beer Cup-medaling Hopsquatch Barleywine. In addition to mainstay beers and limited releases, Four Peaks has seen great success with newer brews like its Pumpkin Porter, which grew more than 150 percent last year, according to company offcials.

"As the leading craft brewery in Arizona, we're proud of what we've built and of our brewing heritage. We're excited to build on that success with The High End," says Jim Scussel, Four Peaks co-founder. "Arizona has a rapidly-growing fan base for craft beer and we look forward to more opportunities to share what Four Peaks is about within our local community, and beyond," added Randy Schultz, Four Peaks co-founder.

Four Peaks will join Goose Island Beer Company, Blue Point Brewing Company, 10 Barrel Brewing, Elysian Brewing Company and Golden Road Brewing as part of the growing portfolio of exceptional craft beers within The High End.

"It's exciting to partner with another group of passionate craft beer founders, this time in the great state of Arizona," says Andy Goeler, CEO, Craft, The High End. "What Andy, Jim, Randy and the team have been able to accomplish is remarkable and a testament to their culture and portfolio of great beers. We look forward to learning from each other and bringing more Four Peaks beers to craft lovers in the Southwest."

The partnership includes the company's three primary locations: the 8th Street Brewery & Pub in Tempe, Ariz.; the Wilson Street Brewery & Tasting Room in Tempe, Ariz.; and the Grill & Tap in Scottsdale, Ariz., in addition to continuing their partnership at the Sky Harbor Airport facility. Anheuser-Busch's acquisition of Four Peaks is expected to close during the first quarter of 2016. Terms of the agreement were not disclosed.

First Beverage Group acted as financial advisor to Four Peaks, and Spencer Fane Britt & Browne provided legal counsel.