Why the Deals Will Continue

Dear Client:In January we made this prediction:"Craft brewers will continue to take profits and 'cash out' by selling to foreign brewers, employees as ESOPs, private equity, 'family offices' as well as to big brewers including ABI, MC and Boston Beer. This trend will accelerate in 2015 as valuation are sky high and interest rates remain low."That was an understatement. While I predicted the trend would accelerate, I did not anticipate the level and pace of the deals we've seen this