The Strategic Acquisition of Craft Beverage Warehouse by TricorBraun

TKO Miller Facilitates the Sale of Craft Beverage Warehouse

In a significant development in the beverage packaging sector, TKO Miller, a prominent middle-market investment bank, has played an essential role in the acquisition of Craft Beverage Warehouse, LLC (CBW) by TricorBraun Holdings, Inc. This strategic move, announced on November 5, 2025, has caught the attention of industry stakeholders due to its implications for both companies involved.

Overview of the Acquisition

Craft Beverage Warehouse, headquartered in Milwaukee, Wisconsin, has established itself as a key player in providing digital printing services for the craft beverage industry. Founded by Kyle Stephens and Michael DeGrave, CBW specializes in delivering comprehensive packaging solutions tailored for small and mid-sized beverage companies. Their innovative approach, particularly their direct-to-can printing capacity, has enabled them to compete effectively against larger firms in the sector.

TricorBraun, based in St. Louis, Missouri, is a globally recognized entity specializing in packaging solutions. Founded in 1902, the company has amassed a vast portfolio of clients ranging from start-ups to internationally renowned brands. Their expertise extends across various packaging formats, logistics management, and sustainability initiatives, making this acquisition a strategic fit that broadens their offerings in the craft beverage space.

With TKO Miller acting as the exclusive investment banking advisor during the sale process, the alliance aims to leverage CBW's technological advancements alongside TricorBraun's extensive market reach and resources.

The Growth Trajectory of Craft Beverage Warehouse

Establishing its presence in 2019, CBW's business model focuses on meeting the unique needs of craft beverage producers. In early 2025, the company expanded its operations by opening a second facility in Denver, Colorado. This move was aimed at enhancing its service capabilities and catering to an expanding customer base throughout the nation. The acquisition by TricorBraun is anticipated to provide CBW with enhanced growth opportunities, enabling them to innovate further and optimize operational efficiencies.

Benefits for TricorBraun

For TricorBraun, this acquisition is a strategic maneuver to fortify its presence within the craft beverage industry. With their existing expertise in packaging solutions, the addition of CBW’s specialized services will allow them to offer a more comprehensive suite of solutions to their clients. Furthermore, the integration of CBW's advanced digital printing and packaging capabilities aligns perfectly with TricorBraun's commitment to sustainability and innovation.

Insights from TKO Miller

TKO Miller's involvement highlights the investment bank's dedication to facilitating meaningful transactions within the middle market. They have successfully advised CBW throughout the acquisition process, ensuring that the interests of the company's management and stakeholders were meticulously represented.

With over 130 years of combined transaction experience, TKO Miller specializes in advising family and founder-held businesses, providing them with the tailored solutions they require in the complex landscape of mergers and acquisitions.

Conclusion

In conclusion, the acquisition of Craft Beverage Warehouse by TricorBraun represents a transformative moment for both companies involved and the craft beverage industry at large. As they begin to integrate their offerings, industry observers will be keen to see how this strategic partnership unfolds and the innovations that may emerge as a result. With TKO Miller's expertise in navigating such transactions, this partnership is set to thrive in the competitive beverage packaging landscape. As the craft beverage sector continues to grow, collaborations like this one are vital for fostering innovation and efficiency in a rapidly evolving market.