Algoma Capital, Growth Beverage’s lending arm dedicated to supporting whiskey brands and distilleries, announced it has closed a seven-figure strategic transaction with Off Hours Bourbon. The funds will be used to fuel Off Hours Bourbon’s production capabilities, given increased demand for the brand, enabling them to reach more drinkers in 2024 and beyond.

Launched in 2020, Off Hours Bourbon is committed to revolutionizing the preconceived notions surrounding bourbon, shifting away from formalities to offer a classic spirit designed for relaxed settings and casual enjoyment.

“We chose to partner with Algoma Capital on this transaction because the team understands the unique needs of the whiskey business and our mission,” Jake Ireland, Founder & CEO of Off Hours, said in a news release. “They are true partners, and we look forward to working together to grow our operations so that more drinkers can enjoy our bourbon, anytime.”

Brian Rosen, Founder and Chairman of Growth Beverage, the parent company of Algoma Capital, added, “Jake and the Off Hours team have demonstrated an unparalleled vision for modernizing the bourbon experience. We are thrilled to offer an infusion of funds that will help them expand their production capabilities so that more people can experience the Off Hours brand.”

Algoma Capital was founded in 2023 and is part of the Growth Beverage portfolio, a collective of brands dedicated to the adult beverage industry that includes private equity firm, InvestBev, and startup accelerator, Sprout Beverage. Algoma Capital has a $100 million fund dedicated to providing non-dilutive operating capital to whiskey brands and distilleries.

About Growth Beverage

Growth Beverage is a collective of companies that include InvestBev, Sprout Beverage, Algoma Capital, and BevStrat. It is the only organization that supports independent beverage brands at every stage of their growth journeys — from start to store to scale. Companies in the Growth Beverage ecosystem can receive support with incubation and accelerator, retail distribution, venture funding, and operating capital.

To learn more, visit growthbeverage.com.