The transaction includes winery, vineyard and tasting room. Terms weren’t disclosed.
Balo was founded by the Mullins family in 2003. The property, which includes seven acres planted to vine, had been listed for $4.7 million by a real estate agent.
The tasting room will be the first in the Anderson Valley for Jackson Family, although it already operates wineries and sources fruit there.
“Jess Jackson and Barbara Banke fell in love with Anderson Valley in the late 1980s, when only a handful of wineries were in existence in the region at the time,” Rick Tigner, chief executive officer of Jackson Family Wines, said in a statement. “With the purchase of the winery and tasting room we have enhanced our presence in the valley, adding a resource for our small-lot winemaking and the opportunity to host wine lovers in the region.”