How did a tiny Illinois brewery acquire a craft beer icon once valued at $1 billion?
Fresh off a family trip to Rome, Chris Bradley sat down with Brendan Watters, his partner at Kings & Convicts, a little Illinois brewery. Anything happen, Bradley asked, during his vacation?That exchange occurred in a Chicago suburb this summer. Similar scenes played out across the U.S. last week, when Constellation Brands — Ballast Point’s current owner — and Kings & Convicts announced the deal. Really? How could an obscure two-year-old brewery from Highwood, Ill.
His resume includes an MBA from the London Business School; a directorship with Avanade, a joint venture of Microsoft and Accenture; 15 years as owner and CEO of a hotel firm, Boomerang, which he sold the Red Lion group for $8.4 million; and two years as vice president of Le Meridien hotels, overseeing that international chain’s corporate finance, purchases and sales.
Around that time, he met Bradley. The son of a British foreign service officer, Bradley was a former executive with Navman Wireless, a New Zealand purveyor of consumer GPS devices. He had nodding acquaintance with Watters, due to a personal tragedy.
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