Dear Client:With GABF just behind us, NBWA just ahead and the current whirlwind of deals (around six in the last month alone: Lagunitas [the Heineken JV], Saint Archer [majority stake takeout from MillerCoors's Tenth and Blake], Golden Road [A-B acquisition], Virtue Cider [A-B's Goose Island now a majority shareholder], Cisco ["strategic partnership"/future equity stake deal with Craft Brew Alliance], and Dogfish Head [small 15% stake from PE firm, LNK Partners]), it's a great time to benchmark top craft brewer trends
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