Private equity firm the Riverside Co. is investing in craft beer brewery Uinta Brewing Co.

Uinta, headquartered in Salt Lake City, Utah, was founded in 1993 years ago by Will Hamill and has since grown to be one of the 50 top craft brewers in the U.S. by volume. Riverside's investment should help Uinta keep growing. The brewery recently completed an $18 million expansion, and plans to increase both production capacity and its distribution footprint with the investment.

“The craft beer movement is expanding significantly and Uinta has enormous growth potential in both new and existing markets,” says Riverside managing partner Loren Schlachet.

Hamill will remain in place as CEO and retain a significant stake in the company.

Riverside, based in Cleveland and New York, has been on a deal spree in 2014. Earlier in August, the firm picked up DMA Corp., an analytics company, Lexipol, a training company, and Grace Hill Inc., an e-learning group. Riverside's co-CEOs won Mergers & Acquisitions M&A Mid-Market Dealmakers of the Year award for 2013. 

Golub Capital provided financing for the deal. Jones Day, Deloitte and West Monroe Partners advised Riverside.

Other craft beer deals include Anheuser-Busch InBev's (NYSE: BUD) deal for independent beer company Blue Point Brewing Co., which was announced in February.

For more, see "3Qs With … Tom Pirko, Managing Director, Bevmark LLC" and "All You Can Drink."

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