Wilson Daniels Wholesale agreed to acquire Portland, Ore., based Galaxy Wine Co. from its founders, Matt Elsen and Bob Liner.
Galaxy Wine Company will be operated under the wholesale division of fine wine importer Wilson Daniels LLC, a wholly-owned subsidiary of Young’s Holdings, and Messrs. Elsen and Liner will continue to lead Galaxy’s existing team of salespeople.
The acquisition of Galaxy Wine Company further extends the Underwood family’s investment in fine wine distribution. “I’m committed to protecting the legacy of what Matt and Bob have built in Galaxy Wine Company. At the same time, I believe the focus and dedication that Wilson Daniels brings to fine wine is unparalleled, and we will continue to invest in expanding Wilson Daniels’ distribution capability,” says Chris Underwood, CEO of Young’s Holdings.
The transaction is anticipated to close in the 2nd quarter of 2018, subject to usual and customary closing conditions.