MGD Acquisition, LLC, a private equity firm, acquired Griffo Distillery of Sonoma, Calif. Terms weren't disclosed.
MGD, comprised of a group of individual investors, plans to expand Griffo's market presence by helping distribute Griffo's top-tier spirits nationwide. The partnership with MGD promises to preserve Griffo's craft premier legacy while enabling further growth and distribution.
"We are excited to begin a new chapter at Griffo Distillery in conjunction with our partners that have a proven track record for growing successful and responsible businesses," said founder Michael Griffo. Along with co-founder Jenny Griffo, the two will continue as significant owners of Griffo Distillery and will adopt specialized roles within the business focused on what they love the most.