November 7, 2016 — Rockport Investment Partners announces that Double Horn Brewing Company, a restaurant and craft brewery with operations in Marble Falls, Texas, has been acquired by Turbo Industries of Austin. Double Horn is a popular restaurant and craft brewery strategically located in the “Core” downtown sub-district of Marble Falls on Highway 281, a major regional travel corridor.
Rockport Investment Partners was the exclusive financial advisor to Double Horn. Nathan Klatt and Trey McWhorter of Rockport Investment Partners facilitated the transaction and advised Dusty Knight, founder and lead investor of Double Horn. The terms of the transaction were not disclosed.
“It has been a great experience building Double Horn from the ground up,” said Mr. Knight. “We believe that we created something special that will continue to thrive, and I look forward to seeing where Turbo takes Double Horn from here. It was important to us that we found an investment team that could share and expand on our vision. On behalf of the Double Horn investors, we are grateful for Rockport’s commitment to support us throughout the transaction process and close the deal in a timely fashion.”
Nathan Klatt said, “Double Horn is an excellent acquisition for Turbo. With its family-friendly and casual atmosphere, quality food, award-winning craft beer and established brand, Double Horn is a successful restaurant and a great platform to expand beer distribution. The business has posted strong growth year-on-year since its inception and is strategically positioned to continue that success, benefitting from the strong Marble Falls economy and regional growth. Rockport Investment Partners was pleased that Dusty and the Double Horn investors achieved their goals with an exit from the business. We appreciated the opportunity to represent Double Horn in this transaction.”
Turbo Industries commented: “We are excited about our investment in Double Horn. This is a well-run business that offers us the opportunity to invest in a profitable restaurant and unique craft beer brand and operations. We are thrilled about Double Horn’s future and committed to its success.”
About Rockport Investment Partners
Rockport Investment Partners is a management consulting firm that provides valuation, merger and acquisition advisory, and business consulting services, with offices in Connecticut and Texas. Rockport supports asset managers, investors, owners, and buyers and sellers of private companies and small businesses with clear and meaningful financial analysis and advice, and champions their interests in a transaction. Rockport builds relationships and collaborates with clients, their advisors, and other trusted experts with a goal of positively impacting each through their efforts.
For more information, please visit www.rockportinvestpartners.com and contact:
Nathan Klatt, Principal
+1 (203) 768-5654
Trey McWhorter, Managing Director
+1 (512) 808-7129