Southern Crown’s Deal for Small W&S House Provides “Alternative Narrative” to Megadeals

Dear Client: One year after the KW Beverage deal, Charleston, SC-based A-B wholesaler Southern Crown Partners is back at the table — this time on the wine and spirits side. The 30+ million-case house has signed a non-binding letter of intent to acquire Milestone Beverage, a Cayce, SC-based wine and spirits distributor founded by Tyler Miles in 2013.  In terms of size, it's a smallish deal — Chief Sales Officer Jason Hayes tells BBD that Milestone is "not a large