Buck is a 3 million-case Miller, Yuengling, Boston Beer, etc., distributor in Upper Marlboro, Md. Buck is owned by Betty Buck, a former chair of the National Beer Wholesalers Association. Her daughter Erin Murcia is going to stay on after the deal closes. Terms weren’t disclosed.
Hammond is owned by Gabriel Arce Hammond, who is currently the CEO of Yleana, an asset management firm. Buck may have had special attraction to him since he grew up in nearby Potomac, Md.
In 2012, Hammond became a 49% owner of Ace Distributing, a beverage distribution company located in south central Pennsylvania, where has supported management through its technology initiatives and transformative acquisition.
In 2017, Mr. Hammond also enabled Ace’s transformative acquisition of a competing distributor, W&L, which doubled the number of cases sold and increased Ace’s market share in its territories to more than 60 percent.