Franklin-based investment firm Tacoma and Hoyt LLC has acquired Nashville craft beer business Jackalope Brewing Company.
Financial terms were not disclosed in a release.
With the acquisition, Tacoma and Hoyt LLC CEO Steve Barone will now serve as CEO of Jackalope.
Barone is a co-owner, with Dean Marsh, of downtown Franklin’s Amendment XVIII Cocktail Club. In 1991, he founded CBI, a Detroit-based cybersecurity solutions company that he eventually sold in 2022 to Toronto-based Converge Technology Solutions.
The release notes Jackalope founder Bailey Spaulding will remain with the company as chief beer officer. It is unclear if Spaulding will maintain a minority ownership interest.
Relatedly, Jackalope President Steve Wright will transition to the role of chief revenue officer with the new ownership structure.
The release does not reference any other structural changes to the craft beer business, which is located in Wedgewood-Houston.
Jackalope has since 2018 operated at 429 Houston St., with its brewery called The Ranch.
Established in 2011 in The Gulch, Jackalope ranks among Nashville’s longest-operational existing breweries. Its former Eighth Avenue South building is now home to Marble Fox Brewing Co.
Houston-based real estate company Hines owns the property from which Jackalope operates, having paid $7.95 million for the 1.11-acre property in late 2019. The seller in that deal (read here) was Darek Bell, a local entrepreneur and owner of Corsair Distillery.
“I am thrilled to be a part of this next phase of Jackalope’s journey,” Spaulding — one of the first female craft brewery founders in the country — said in the release. “This acquisition allows me to focus even more on the beer. I look forward to working alongside Steve Barone to build on Jackalope’s legacy while continuing to craft beers that our customers love.”
This article was first published by our sister publication the Nashville Post.
