September 2, 2009
Wine Master Cellars, LLC Announces Management Buy Out To Drive Future Growth - September 2, 2009
W. G. Nielsen & Co., a leading Denver-based investment banking firm, announced that it successfully negotiated the Management Buy Out of Wine Master Cellars, LLC. The deal was designed to enable the business to continue to build on its existing growth and become the dominant wine storage system employed throughout the world. Terms of the deal were not disclosed.
W. G. Nielsen & Co. specializes in developing creative and mutually beneficial matches for company buyers and sellers. "W.G. Nielsen & Co. recognized that both sides were looking for a win-win, and the transaction process was geared toward collaboration to achieve both buyer’s and seller’s goals. Taylor Kirkpatrick and Blake Nielsen were the catalysts for a successful negotiation," said Doug McCain, Founder of Wine Master Cellars and inventor of VintageView® wine racks. "This transaction has resulted in finding a good steward to build upon the legacy I created — and better yet, now I can go fishing more often than I could before!"
Charles Malek, CEO of the Company and purchaser said, "I am confident that the huge potential of this wine storage system in all markets can now be realized. The Company already has a proven track record and I am looking forward to expanding the brand to the next level."
Taylor Kirkpatrick, Vice President at W.G. Nielsen had a special reason to celebrate: "This transaction was remarkable because I consider both the buyer and seller to be close friends; I am proud to have introduced them as potential partners long before a transaction was contemplated. To see two friends work together and build the trust you need to have to close a deal was especially fun for me."