A-B Acquires Cutwater Spirits

Dear Client: In just a hair over two years' existence, San Diego spirits and RTD brand, Cutwater Spirits, is selling to Anheuser-Busch. Naturally, terms are undisclosed. Cutwater Spirits was founded by Ballast Point founders/vets, including Yuseff Cherney and Earl Kight, shortly after they left Constellation, to whom they'd sold their beer brand in late 2015 for $1 billion. Of course, they didn't exactly have to start from scratch: The spirits weren't part of the sale to Constellation, and basically rebranded