Diageo announces it has acquired Far West Spirits LLC, owner of the Lone River Ranch Water (‘Lone River’) brand. Lone River is a hard seltzer that takes inspiration from the popular classic Texan “Ranch Water” cocktail. Lone River was founded in 2019 by native Texan, Katie Beal Brown. Katie will retain a minority interest and continue to lead the business on a day to day basis, as Chief Executive Officer of the brand. She will work closely with Diageo North America leadership to build further on Lone River’s success.
Read full press release from Diageo
Lone River Beverage Company
has been acquired by
2021
BIRMINGHAM, AL – Arlington Capital Advisors, a leading consumer-focused investment bank, announces it has hired Ashish Seth as a Managing Director. Ashish joins Arlington’s Bill Kraus, John Goldasich and Vann Russell as leaders in the consumer sector where Ashish will be exclusively focused on driving forward the firm’s leadership position in the restaurant space.
“We are thrilled to have Ashish join the Arlington team,” said Vann Russell, Arlington’s founder and Managing Director. “Ashish’s reputation, relationships and singular focus in the restaurant sector is a great complement to our restaurant team. His addition and leadership in the restaurant practice will further solidify Arlington’s position as a trusted advisor to leading consumer brands.”
“Arlington’s entrepreneurial spirit and reputation in the restaurant market, particularly with premium brands and emerging growth concepts where I have spent my time, were key factors in joining the team,” said Seth. “Arlington’s platform and demonstrated success in the consumer space provide a lot of opportunities for growth and success.”
Prior to joining Arlington, Ashish worked in the Food, Consumer & Retail practice at BMO Capital Markets where he led the firm’s restaurant practice as well as the fitness and consumer experiential sectors. Ashish has over 17 years of investment banking experience and has completed numerous advisory and equity and debt underwritings for clients at leading firms, including RBC, Merrill Lynch, and Bank of America. Ashish graduated from Indiana University, Kelley School of Business. Ashish can be reached at aseth@arlingtoncapitaladvisors.com or (917) 885-1033.
In addition to Ashish, Arlington has also added two new analysts to its growing team: Jack Brennan and Hall Massey. Jack joins the firm from Pathway Capital Management and graduated from the University of Alabama. Hall spent time with Warren Averett prior to coming to Arlington and is also a graduate of the University of Alabama.
Arlington Capital Advisors is a boutique investment bank that specializes in providing businesses in the consumer sector with financial and strategic advisory services. Arlington focuses on providing strategic advice to its clients, including sell-side and buy-side mergers and acquisitions, sourcing growth capital and other capital-centric strategic alternatives. Securities offered through its affiliate, Arlington Capital Services, LLC, member FINRA/SIPC.
Birmingham, AL – Arlington Capital Advisors, a leading consumer-focused investment bank, announced that it has hired Will Saxton into its Debt Capital Markets practice. Will joins restaurant finance veteran Bill Kraus on Arlington’s DCM team, and the group will be focused on helping clients and companies with a variety of debt capital services, including acquisition financing, refinancing existing debt, debt recapitalizations, working capital management, and growth financing opportunities.
“Will is a great addition to the growing Arlington team,” said Seton Marshall, Arlington’s President & COO. “We are seeing a wider and more diverse set of capital structure alternatives in the marketplace. Will’s addition to the debt capital markets team marks a significant expansion in our capabilities and will accelerate the DCM practice’s growth and presence in the market.”
“I am excited to join the Arlington team and help continue to build its DCM practice,” said Saxton. “The firm’s impressive positioning and expertise in the consumer sector and the ways ACA outpunches its weight on transactions is what attracted me to the firm. The ability to bring a more diverse suite of products to our existing client base and expand the scope of new prospective clients should create interesting new opportunities and a compelling value proposition for our engagements.”
Prior to joining Arlington, Will worked in the Financial Sponsors Group at Credit Suisse in New York, where he executed over $30 billion of Leveraged Finance transactions for private equity clients. Will attended the University of Tennessee and holds JD and MBA degrees from the University of Arkansas and University of Virginia, respectively.
In addition to Saxton, Draper Newton and Griffin Walker have joined the Arlington team as analysts. Draper is a recent graduate from Auburn University, where he majored in Finance. Griffin joins the team after graduating from the University of Alabama with a Bachelor of Science in Accounting and Finance.
Arlington Capital Advisors is a boutique investment bank that specializes in providing businesses in the consumer sector with advisory services. Arlington focuses on providing strategic advice to its clients, including sell-side and buy-side mergers and acquisitions, sourcing growth capital and other capital-centric strategic alternatives for businesses. Securities offered through its affiliate, Arlington Capital Services, LLC, member FINRA/SIPC.
Please visit arlingtoncapitaladvisors.com for more information.
Birmingham, AL
Arlington Capital Advisors, a leading consumer-focused investment bank, recently received recognition with two industry awards for the firm’s role as investment advisor to Dogfish Head Craft Brewery, Inc. in its merger with The Boston Beer Company, Inc. (NYSE: SAM).
The Deal awarded the Dogfish Head merger as the Consumer, Retail, Food & Beverage Deal of the Year in its Middle Market Awards. The Deal recognizes the leading lawyers, bankers, investors and advisers in middle-market transactions each year at its Middle Market Awards ceremony.
Additionally, The M&A Advisor awarded the Dogfish Head merger with the Consumer Staples Deal of the Year award at its 18th annual M&A Advisor Awards.
“We are honored to be recognized by our peers and the recognition is a great testimony to our mission of being the trusted advisor to premium consumer brands,” said Vann Russell, founder and Managing Director at Arlington Capital. “We are fortunate to have been able to work with Sam, Mariah and the rest of the Dogfish Head team.”
Arlington Capital Advisors is a boutique investment bank that specializes in providing businesses in the consumer sector with advisory services. Arlington focuses on providing strategic advice to its clients, including sell-side and buy-side mergers and acquisitions, sourcing growth capital and other capital-centric strategic alternatives for businesses. Securities offered through its affiliate, Arlington Capital Services, member FINRA/SIPC.
Please visit arlingtoncapitaladvisors.com for more information.
