PRESS RELEASE - Goat Patch Brewing Company To Acquire Pikes Peak Brewing Company: A Legacy Passed On

COLORADO SPRINGS, CO • 11/18/2024 — Goat Patch Brewing Company (GPB) is excited to announce the pending acquisition of Pikes Peak Brewing Company (PPBC), a cornerstone of the Monument community for over thirteen years. The synergy between both breweries' missions, visions, and values made this acquisition a natural next step for Goat Patch Brewing Company, as Chris and Judi Wright, founders of Pikes Peak Brewing Company, retire from the brewing industry. In this endeavor, GPB has worked closely with Chris Farmand, founder of Small Batch Standard, an industry-leading consulting firm, to guide this transition and ensure a smooth and successful acquisition.

“It has been an honor to serve our Monument neighbors and the Colorado Craft Beer Community,” said Chris Wright, founder of Pikes Peak Brewing Company, “The bonds we’ve formed over the past 13+ years have meant the world to me and our entire staff. I am excited to watch the future of Pikes Peak Brewing with the continued support from Monument and the Colorado Craft Beer consumer.”

“Chris and Judi have created something truly special, and we’re excited to build on their work while unlocking new opportunities for both brands," said Justin Grant, co-owner of Goat Patch Brewing Company. "Our goal is to merge the strengths of both breweries, ensuring that the spirit of Pikes Peak Brewing Company remains a cornerstone of the Monument community while expanding what both brands can accomplish together.”

While GPB currently operates at a 3,000-BBL capacity, the 10,000-BBL production facility at Pikes Peak Brewing Company provides an exciting opportunity for growth for Goat Patch, which will assume operations once licensing is officially transferred. PPBC’s current Monument location will remain Pikes Peak Brewing Company, preserving the legacy that Chris, Judi, the staff, and investors have built over the past thirteen years.

“This acquisition isn’t just about increasing our capacity—it’s about continuing a story that has meant so much to the Craft Beer community in southern Colorado for over a decade,” said Cate Baze, co-owner of Goat Patch Brewing Company. “We see this as a baton being passed, and we’re excited to carry it forward with the same passion and dedication that PPBC has always been known for.” 

As Goat Patch embarks on this exciting new phase, plans are underway to explore the best ways to honor Pikes Peak Brewing Company’s identity while incorporating the values and energy of GPB.

The sale of PPBC to GPB is expected to close by the end of the year, but due to the license transfer process, a final closing date is not set at this time.

ABOUT GOAT PATCH BREWING COMPANY:

Goat Patch Brewing Company started like all great ideas - good friends with a common passion sitting around a kitchen table dreaming about the future. Even before their name (which eventually became a nod to the beard style of co-owner and head brewer Darren Baze), they all agreed on a shared set of values: balanced brews, community engagement and adventure. Opened in 2017, and now with 2018 and 2020 GABF medals, a World Beer Cup medal in 2022, and numerous other recognitions under their belt, they are proud to play a part in bringing award-winning craft beer to their community. Goat Patch will be opening a new location in the Northgate neighborhood of Colorado Springs in spring of 2025.

You can find the brewery online at www.goatpatchbrewing.com