Golden Equity Investments acquires Goosecross Cellars in California
Golden Equity Investments (GEI), a Colorado-based private equity firm that provides equity capital to privately-held middle market companies, has acquired boutique winery Goosecross Cellars of California for an undisclosed amount.
The purchase, which is the first for GEI in wine industry, includes 11-acre estate winery and vineyard property, tasting room and a Tudor-style estate home.
Came to existence in 1985, Goosecross uses grapes from on its nine acre vineyard and grapes purchased from local growers to produce luxury-tier Napa Valley wines.
The winery's vineyard is planted with Bordeaux varietals, including Cabernet Sauvignon, Merlot, Cabernet Franc and Petit Verdot.
GEI manager Christi Coors Ficeli said the company was attracted by Goosecross' location, vineyard and winery.
"Its direct-to-consumer success and reputation for premium quality wine varietals positions us for ongoing success," Ficeli added.
"Our focus will be to continue the tradition of producing high-quality wines, as well as growing the brand to gain more national recognition. We will continue to promote the current wines and look to grow the portfolio.
"I look forward to meeting the winery's loyal customers and also intend to invest in the tasting room, the winemaking facility, and the estate to enhance the experience for our patrons."