$215.8 Million

Penelope Bourbon

Sell-side

Exclusive Financial Advisor, June 2023

Penelope Bourbon
Acquired by MGP Ingredients, Inc. (NASDAQ: MGPI)

Founded in 2018, Penelope Bourbon is one of the country’s fastest-growing whiskey brands. Named after the Founder’s daughter, Penelope boasts a series of straight bourbon whiskey expressions that are all uniquely blended from three different mash bills. Remarkably smooth and flavorful, Penelope is perfect whether sipping neat or mixing in a cocktail. Penelope’s core expressions, Four Grain, Barrel Strength, Architect and Toasted Series, have received over thirty combined awards and industry accolades. Most recently, the brand won Double Gold and “Best of Class” at the 2022 San Francisco World Spirits Competition, and was awarded three Double Platinum Medals – along with the title “Blender of the Year” - by the ASCOT Awards (2022). Today, Penelope Bourbon is sold in over 30 states and 4 countries. Proving that with enough love and care, and hard work, anything is possible.

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