Craft Beer Offers Tricky Formula for Investors

A panel of Michigan-based brewers and industry experts discussed the M&A environment for craft beer at the Great Lakes ACG Capital Connection.

Determining the number of barrels a craft brewer must produce annually before it’s mature enough to attract outside capital for expansion is tricky, according to industry experts.

“I think the magic number is 50,000 and up,” said Mike Stevens, CEO and co-founder of Founders Brewing Co., a fast-growing Grand Rapids, Michigan, craft brewer. His business, among the leading craft brewers nationwide, is on track to produce 420,000 barrels this year, including favorites such as All Day IPA and the limited edition Harvest Ale.

READ THE FULL ARTICLE