Iron Hill Brewery & Restaurant is planning to add more brewpubs along the East Coast, a spokesman said Friday, following the Wilmington-based brewpub chain's announcement that it partnered with a Connecticut-based private investment firm.
The investment from A&M Capital Opportunities, which works with middle market companies on expansion, will help 20-year-old Iron Hill open new locations from New England to North Carolina, the company spokesman said.
The agreement is the latest in a growing trend of craft beermakers teaming up with other firms to fuel growth. Victory Brewing Company announced earlier this week it was under new ownership, a decision that company leaders said provides stability as it continues to scale up in the exceedingly popular craft beer industry. California-based Lagunitas Brewing Company also secured a big partner last year in Heineken.
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There are currently 11 Iron Hill locations in our tri-state region, including brewpubs in the Chestnut Hill section of Philadelphia, the Main Line suburb of Ardmore, and Media, Pennsylvania. A 12th location will be opening in Huntingdon Valley, Pennsylvania this summer.
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