Iron Hill's Brewery & Restaurant has received an undisclosed amount from A&M Capital Opportunities, a Greenwich, Conn.-based private-equity firm, to help them expand into new Mid-Atlantic markets, per Philly.
[%snippet beer%]
"It allows us to grow the company in a way we feel comfortable with," Iron Hill cofounder Kevin Finn told the publication.
"The Iron Hill brand is uniquely positioned to appeal to a very broad customer base," AMCO co-founder and managing director Drew Baird said in the statement. "We plan to expand so even more communities have the opportunity to experience all that Iron Hill has to offer."
Drew and fellow AMCO co-founder Paul Lattanzio will both gain a seat on Iron Hill's board of directors, per report.
The regional brewpub chain based out of Wilmington, Delaware has 11 locations in across its home state and Southeastern Pennsylvania. Kevin hopes the boost from AMCO will allow them to "double in size over the next three to five years as it extends its reach from North Carolina to New England." The first markets on tap are New Jersey and Maryland, according to Kevin.
Also See..
