Intrepid Advises Wine Warehouse on its Sale to Breakthru Beverage Group

Intrepid Investment Bankers LLC (“Intrepid”), the middle-market investment banking arm of Mitsubishi UFJ Financial Group (MUFG), the 7th largest global financial institution, announced today that Wine Warehouse (“the Company”) has officially completed its sale to Breakthru Beverage Group (“Breakthru Beverage”), one of the largest distributors of alcoholic beverages in the U.S., after signing a definitive agreement in January 2023. Intrepid acted as the exclusive financial advisor to Wine Warehouse.winewarehouse

Wine Warehouse, founded in 1973 by Bob and Jim Myerson and headquartered in Los Angeles, CA, is one of the largest independent alcoholic beverage distributors in the nation and known for their unparalleled customer service and premium brand portfolio. As a multi-generational, family-owned and -operated business, James P. Myerson (CEO) and the Wine Warehouse team have created a unique one-stop-shop for premium alcoholic beverages based on their decades of industry knowledge and expertise.

Today, the Company specializes in the distribution of fine wine, craft beer, artisanal spirits, and premium non-alcoholic beverage brands to customers across the Californian market. Going forward, the Company will operate as Breakthru Beverage California and continue to deliver the excellence that the Myerson family has been known for over the past four generations. The acquisition of Wine Warehouse expands Breakthru’s presence to California and brings Breakthru’s total footprint to 16 markets, with more than $7.5 billion in annual revenue.