Healdsburg, California – April 30, 2014 – Robert Nicholson of International Wine Associates, the mergers and acquisitions advisory firm that specializes in wine industry transactions, announced today that International Wine Associates served as advisors and represented Washington’s Sagemoor Vineyards in the sale to Allan Brothers.
“This is the fourth significant transaction that International Wine Associates has completed in Washington since 2001” said Nicholson. “With the sale of Sagemoor, we will have advised on and initiated over $100 million in Washington wine industry deals in the last twelve years. In 2001 Mike Hogue and Norm McKibben engaged us to sell Hogue Cellars, then in 2008 we sold Columbia Winery and Covey Run Winery for Constellation and in 2010 we represented Pacific Rim Winemakers in their sale to Banfi”.
Sagemoor Vineyards is made up of four properties under common management : Sagemoor, Bacchus, Dionysus and Weinbau, and is a highly respected and diversified farming operation with 883 acres of wine grapes, 230 acres of cherries and 190 acres of apples. Sagemoor grapes are sold to over 70 Washington wineries and vineyard designated wines from Walla Walla Vintners, Tamarack Cellars, Barrister, Januik, Arbor Crest, Rasa Vineyards, Abeja, and Hedges, among others consistently, produce high scoring wines. Allan Brothers is a large family owned Washington agricultural company with a history dating back to the 1920’s.