Pritzker Private Capital Acquires Bardstown Bourbon Company

March 7, 2022

For Immediate Release – March 7, 2022

Partnership Will Accelerate Bardstown’s Growth by Increasing Production Capacity and Enhancing  Market Presence in the Premium Spirits Category

CHICAGO – March 7, 2022 – Pritzker Private Capital (“PPC”), a leader in family direct investing,  announced the acquisition of Bardstown Bourbon Company, an innovative distiller, producer and bottler  of premium Kentucky bourbon and rye whiskey brands. PPC is investing alongside members of the  Bardstown Bourbon management team and current investors. Mark Erwin, President and CEO, and  Bardstown Bourbon’s current management will continue to lead the business. Financial terms were not  disclosed.  

Headquartered in Bardstown, Ky. and founded by Peter Loftin in 2014, Bardstown Bourbon provides custom distilling solutions to premium brands in the bourbon and rye whiskey categories. The  company’s capacity has quadrupled since it began distilling in 2016 to now distill more than 50 unique  mash-bills (recipes) for more than 30 premium spirits brands. Bardstown Bourbon distills more than  seven million proof gallons annually, placing it among the top 10 U.S.-based whiskey distillers by volume and making it the largest custom distiller in America.  

In 2019, Bardstown Bourbon launched its own branded product line of Kentucky straight bourbons and  blended whiskies now available in 20 markets nationwide. Combining distilling, culinary and beverage  expertise, Bardstown Bourbon’s campus is the first Napa Valley style destination on the Kentucky  Bourbon Trail® and welcomes more than 75,000 guests annually. 

“Bardstown Bourbon is redefining the bourbon industry,” said Mr. Erwin. “Our devotion to quality,  custom distillation and innovations in blending, combined with a unique, modern Kentucky Bourbon  Trail® experience, have built a leading position in this high-growth category. We are thrilled to partner  with Pritzker Private Capital to grow this company’s distilling, bottling and brand capacity to its greatest  potential. The PPC team shares our commitment to a culture focused on innovation and teamwork. Together we will build on the legacy of our founder Peter Loftin and take this great company to the next  level.” 

“Bardstown Bourbon has quickly established itself as a distilling leader for premium bourbon brands,”  said Chris Trick, Investment Partner at PPC. “This partnership is an excellent fit with our experience and  focus on investing in innovative food and beverage producers that combine state-of-the-art production  capabilities and strong partnerships with leading brands. With its innovative co-manufacturing strategy  and experiential approach at its Bourbon Trail location, Bardstown Bourbon is poised for growth and  expansion in the attractive premium spirits category. We are pleased to partner with Bardstown  Bourbon’s talented leadership team to support the company’s exciting next chapter.” 

Tony Pritzker, Chairman and CEO at PPC, added, “At Pritzker Private Capital, we are proud of our history  of building long-lasting partnerships with growth-oriented businesses that share our core values. We are  focused on connecting family capital with family-owned companies, and we have had the pleasure of  getting to know Mark and the Bardstown team over the last few years. We are honored that they approached PPC as an ideal partner who brought both an understanding of the company’s family  tradition and the resources to support its next phase of growth. ” 

About Bardstown Bourbon Company 

The Bardstown Bourbon Company is a new blend of bourbon maker, pushing the boundaries through  innovation while honoring the traditional art of making whiskey. Set on 100 acres of active farmland in  the heart of the “Bourbon Capital of the World,” Bardstown Bourbon produces the highest-quality  Kentucky bourbon and rye whiskey brands, and provides custom whiskey production through its one-of a-kind Collaborative Distilling Program. Bardstown Bourbon’s award-winning distillery site produces more than 50 unique mash bills for premium whiskey and bourbon brands, led by a first-class team of  operators using some of the most sophisticated technology in the industry. The Bardstown, Ky. campus  is the first Napa Valley-style destination on the famed Kentucky Bourbon Trail® to combine distilling,  culinary, and beverage expertise to create a modern, authentic bourbon experience. For more  information visit BardstownBourbon.com.  

About Pritzker Private Capital  

Pritzker Private Capital partners with middle-market companies based in North America with leading  positions in the manufactured products and services sectors. The firm’s differentiated, long duration  capital base allows for efficient decision-making, broad flexibility with transaction structure and  investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for  the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private  Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more  information, visit PPCPartners.com. 

Media Contacts: 

Abernathy MacGregor 

Dan Scorpio / Kathryn Lynch 

(312) 640-3111 / (202) 934-4925 

[email protected] / [email protected]

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