The brand is being purchased from Liquor Stores N.A. Ltd., a publicly traded company based in Edmonton, Canada. Blue Equity declined to disclose the purchase price, but a news release from Liquor Stores N.A. said the sale will generate gross proceeds of about $26 million.
As a part of the transaction, the corporate offices and all operations of Liquor Barn will be relocated to Louisville. With this transaction, Liquor Barn becomes the largest locally owned and operated retail chain of spirits, beer, wine and party goods in Kentucky, according a news release from Blue Equity.
Liquor Barn has 15 locations in Kentucky, including six in Louisville, six in Lexington and one each in Danville, Bowling Green, and Elizabethtown. The stores range in size from 2,700 square feet to 44,000 square feet.
This isn't the first step into the liquor business for Blue Equity. The company also owns and operates multiple Party Mart Stores in Louisville.
Louisville Business First