Silver Eagle Distributors, L.P., the nation’s largest independent distributor of Anheuser-Busch beverages, today announced it has signed an agreement for Redwood Capital Investments to acquire all assets of Silver Eagle Distributors’ Houston-area territory which includes three counties: Ft. Bend, Montgomery and a significant portion of Harris. Completion of the transaction is subject to regulatory approvals and other customary closing conditions.
Silver Eagle Distributors is responsible for sales, marketing and distribution of Anheuser-Busch, Grupo Modelo and a wide variety of beverages to include domestic and import brands, microbrews and craft beers, craft spirits and several non-alcohol beverages and waters throughout 16 counties in Texas.
John L. Nau, III is chairman and CEO of Silver Eagle Distributors, L.P. Nau began his association with Anheuser-Busch in 1984 in Homestead, Florida. In 1987, Nau moved to Houston as a partner in the acquisition of Southwest Distributing, which became Silver Eagle Distributors in 1990. In 2007, Silver Eagle Distributors acquired the 13-county territory that includes San Antonio and the surrounding communities.
“We are very excited to have entered into this business transaction with Redwood Capital Investments and look forward to moving into the final stages of the agreement,” said John L. Nau, III, chairman and CEO, Silver Eagle Distributors. “Redwood is the ideal group to acquire the Houston-area territory. They are committed to excellence and future growth and as a current member of the Anheuser-Busch wholesaler family have a clear understanding of the business.”
Nau informed Silver Eagle employees that Bob Boblitt, president and John Johnson, executive vice president for sales and marketing will continue in leadership roles with the new company. The Redwood Capital acquisition will include the Houston corporate offices and warehouse as well as the warehouse operations in Conroe, Cypress, Rosenberg and Pasadena. The company will continue to operate as Silver Eagle Distributors.
”Redwood is excited to work closely with the Silver Eagle team to grow its business and continue the legacy of Mr. Nau. We intend to continue delivering our customers, suppliers and the greater Houston community with best-in-class service, while promoting an exciting environment for our employees,” said Ryan Mostrom, Principal at Redwood Capital Investments.
“Redwood Capital Investments is a unique investment firm that acquires privately owned companies and is committed to maintaining and promoting the legacy of the previous business owners,” said Nau. “I think this dynamic new company will take beverage distribution in Texas to a whole new level.”
Silver Eagle Distributors’ 13-county San Antonio-area territory will remain under the current ownership and Nau will continue as president and CEO of Silver Eagle Distributors – San Antonio.
Redwood Capital is the investment firm for Jim Davis, founder of Allegis Group. Allegis Group is the largest staffing business in North America. Redwood became a member of the Anheuser-Busch wholesaler family in 2017, when they became an investor in Lakeshore Beverage located in Chicago.