Southern Glazer’s Buys Epic Wines & Spirits; Foley Aligns with SGWS

Dear Client:  Consolidation at the wholesale tier continues. Today Southern Glazer's Wine & Spirits has acquired California wholesaler Epic Wines & Spirits from Bill Foley, per a release. Terms of the deal were not disclosed, and the completed transaction is subject to typical closing conditions.You may recall, Epic recently expanded into the Pacific Northwest through the acquisition of Vehrs Distributing, which operates in Washington, Idaho and Oregon [see WSD 08-14-2020]. In addition to the acquisition, SGWS and Bill Foley's Foley Family