Madrigal Family Winery to use finances from Bacchus for business expansion
Madrigal Family Winery, a Napa Valley-based winery known for its vineyards and agricultural legacy, is to use the capital offered by Bacchus Capital Management, a private equity firm providing strategic capital in the wine industry, to expand business.
Located near Calistoga and St Helena in the Napa Valley, the Madrigal Family Winery is mainly known for its vineyard management program and wines.
The winery primarily produces wines like Cabernet Sauvignon, Petite Sirah, Zinfandel, Sauvignon Blanc, and small batches of single vineyard and estate wines from grapes sourced from its 40 acres of estate vineyards.
As part of its growth plan, Madrigal has appointed winemaker Ed Sbragia as its consulting winemaster, and industry veteran Steve Cousins as chief operating officer of the winery.
Madrigal Family Winery president Chris Madrigal said, "The growth capital from Bacchus provides Madrigal with the resources we need to effectively build our brand and grow our business."
Bacchus Capital Management co-founder and managing partner Peter Kaufman said the company is investing in a business that they believe will grow in future.
"In addition, we're leveraging the talent we have in-house - Ed Sbragia and Steve Cousins, both of Sbragia Family Vineyards -to support the quality and growth of Madrigal Family Winery long-term," Kaufman added.