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First Beverage Hires Ex-GE Capital Exec, Launches New Division

Beer Business Daily:

Need money? You’ll want to read on. You will no doubt recall Bill Anderson’s firm, First Beverage, which has purchased several beer distributors’ warehouses in a lease-back program to free up capital. Well, yesterday First Beverage announced that it has formed First Beverage Financial Advisors, to be led by former GE Capital beverage banker, Sean McLaren, as its president. The new financial advisory group will provide debt and M&A advisory services, as well as mezzanine financing to distributors.

“We formed First Beverage Financial Advisors in response to the increasing needs of beverage operators for a long-term, comprehensive financial partner with deep ties to the beverage industry,” said Bill Anderson, chief of First Beverage. “Sean is one of the preeminent beverage bankers and he brings a deep knowledge of the industry and operator economics. We are both extremely excited to be able to provide this wider array of financial services to the leading operators in the beverage industry.”