DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, International Beverage Center, Inc. dba SPIRITED Wines, in its sale to Shlok Spirits Corp. The acquisition closed August 20, 2024.
Located in Lenox, Massachusetts, SPIRITED Wines, is a premium wine and spirits retailer. The store offers a curated selection of wines, craft beers, gourmet foods, liquors, and more. Known for its personalized service and extensive product range, SPIRITED Wines caters to both connoisseurs and casual consumers alike. The store also hosts events like wine tastings and dinners, enhancing the customer experience.
Shlok Spirits Corp., based in Lenox, Massachusetts, is led by Mr. Vishil Patel, who serves as the principal buyer. The acquisition of International Beverage Center, Inc. represents a strategic move that is advantageous for both parties. The seller is highly satisfied with the outcome of the transaction, reflecting a successful and mutually beneficial agreement.
Generational Group Executive Managing Director of M&A – Eastern Region, David Fergusson, and his team, led by Generational Affiliate, Jeff Carignan, with the support of Managing Director, M&A, Corey Painter, closed the deal. Senior Managing Director, Joe Van Voorhis established the initial relationship with International Beverage Center, Inc. dba SPIRITED Wines.
Ryan Binkley, CEO of Generational Group, added, "This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to have played a role in bringing together two organizations poised for continued success."
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award-winning, full-service business advisory firm. With more than 350 professionals located throughout 17 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management. For more information visit generational.com.
