The Virginia winery will be celebrating its50th anniversary this year. The buyer was a private equity groyp. Terms weren't disclpsed. Winemaker/ General Manager Luca Paschina will remain as CEO/President.

“Our investor group, with no other wine industry interests, fully supports Barboursville’s mission — to craft world-class wines and provide outstanding hospitality, while preserving the grounds of the historic vineyard estate and elevating the prestige of Virginia wines nationally and internationally,” Paschina said in a press release.