Wilson Daniels has agreed to acquire Galaxy Wine Company from its founders, Matt Elsen and Bob Liner.

The acquisition will enable Wilson Daniels to expand its distribution footprint in the US.

As part of the deal, Galaxy Wine will operate under Wilson Daniels’ wholesale division, which is a wholly-owned subsidiary of Young’s Holdings and Messrs.

Young’s Holdings CEO Chris Underwood said: “I’m committed to protecting the legacy of what Matt and Bob have built in Galaxy Wine Company.

“Our goal for the past 40 years has been to seek out and bring the finest wines in the world to the US market.”

“At the same time, I believe the focus and dedication that Wilson Daniels brings to fine wine is unparalleled, and we will continue to invest in expanding Wilson Daniels’ distribution capability.”

Galaxy Wine’s owners will continue to lead the team at the company.

Wilson Daniels president Rocco Lombardo said: “We’re very proud to acquire Galaxy Wine Company, with its extraordinary team of wine professionals serving many storied brands.

“At Wilson Daniels, our goal for the past 40 years has been to seek out and bring the finest wines in the world to the US market. At Wilson Daniels Wholesale, our mission is the same, and Galaxy’s founders and employees share that mission and our passion for fine wine.”

Completion of the transaction is subject to customary closing conditions and is expected to take place in Q2 2018.