Silver Eagle Distributors
Silver Eagle Distributors is responsible for the sales and distribution of several beverages, including beers and craft spirits. Credit: mnm.all on Unsplash.

Silver Eagle Distributors has agreed to sell its Houston territory to Redwood Capital Investments.

Subject to regulatory approvals and other customary closing conditions, the agreement will see Redwood Capital acquire Silver Eagle Distributors in the Houston area, which includes Fort Bend, Montgomery and part of Harris County.

The deal also includes Silver Eagle Distributors’ corporate offices and warehouse operations in Conroe, Cypress, Rosenberg and Pasadena.

“We intend to continue delivering our customers, suppliers and the greater Houston community with best-in-class service.”

Silver Eagle Distributors currently manages sales, marketing and distribution activities of Anheuser-Busch and Grupo Modelo. It handles beverages such as domestic, imported, microbrews, beers, craft spirits, non-alcoholic beverages and waters across 16 counties in Texas, US.

Silver Eagle Distributors chairman and CEO John L Nau III said: “We are very excited to have entered this business transaction with Redwood Capital Investments and look forward to moving into the final stages of the agreement.

“Redwood is the ideal group to acquire the Houston-area territory. They are committed to excellence and future growth and as a current member of the Anheuser-Busch wholesaler family have a clear understanding of the business.”

Upon completion, the company will continue to operate as Silver Eagle Distributors.

Redwood Capital Investments principal Ryan Mostrom said: “Redwood is excited to work closely with the Silver Eagle team to grow its business and continue the legacy of Mr. Nau.

“We intend to continue delivering our customers, suppliers and the greater Houston community with best-in-class service while promoting an exciting environment for our employees.”