Brewery with big presence here being acquired by private-equity group

Made By The Water will acquire Catawba Valley Brewing Co., which produces Catawba Brewing Co., Palmetto Brewing Co. and Twisp-branded craft beverages.

Made By The Water is a holding portfolio of Wiregrass Equity Partners that is focused on craft beer. Wiregrass is a boutique private-equity firm out of Montgomery, Alabama. It is owner/operator of Oyster City Brewing Co., which has locations along the Gulf Coast of Florida and Alabama.

[Batch House dishing up sweet treats at new home]

“I’m just stepping back and turning this over to someone who can take it to where it needs to go,” says Billy Pyatt, CEO of Catawba Valley. “It’s something that doesn’t come without a lot of tears and soul-searching on our part.”

He founded the Morganton-based brewery in 1999 with wife Jetta and brother Scott Pyatt. It has grown to include five brewing locations and six tasting rooms, including one in Charlotte’s Belmont neighborhood.

Read the full story here.

(Watch the video below: Waffle House collaborates with brewery to come up with ‘Bacon & Kegs’)