McMillan also points out that there have been more winery acquisitions recently than in the last twenty years. “Two things have been encouraging transactions,” he says. “First, the Fed has been taking interest rates to almost nothing which makes debt attractive. And, a lot of family wineries have been doing this … if there is not a succession strategy of leaving the business to your kids, a sale would be the normal party process.”

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September 20, 2021

Wine Industry Analyst Weigh-in: JUSTIN’s Acquisition of Lewis Cellars

Wine Industry Advisor speaks to Rob McMillan, EVP of Silicon Valley Bank, about The Wonderful Company’s newest Napa label. —Barbara Barrielle The Wonderful Company is involved with almost every kind of agriculture and beverage business in California.The $5 billion privately held, Los Angeles-based firm is the brainchild of husband and wife Stewart and Lynda Resnick. […]

Justin Vineyards Rob McMillan

Wine Industry Advisor

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