Tue. Dec 3rd, 2024
Blue Run Spirits is pleased to announce the closing of a multi-year strategic financing agreement with Advanced Spirits, an innovative industry growth collaborator, to fund and assist in the procurement and maturation of whiskeys produced at or by third-party distillery partners. This comprehensive agreement will enable Blue Run Spirits to accelerate the company’s sourced and new-make product pipeline to broaden the array of its own premium bourbon and rye whiskeys developed by Liquid Advisor Jim Rutledge and Whiskey Director Shaylyn Gammon.

“Developing a long-term capital structure that allows for a continuous flow of product that meets the very high standards for quality we have established, and customers have come to expect, is critical for the growth of Blue Run Spirits,” said Mike Montgomery, cofounder and CEO of Blue Run Spirits. “Our relationship with Advanced Spirits will allow us to more fully realize our ten-year product portfolio plan, as well as provide us the ability to expand into other markets at an elevated pace.”

“Advanced Spirits is proud to work with Blue Run Spirits as they continue their exciting and momentous rise. We were attracted to their talented team and commitment to innovative whiskeys in the premium space. We are eager to provide long-term stability and assurance at a time when industry and global supply chains are increasingly complex,” said Dr. Rob Arnold, President of Advanced Spirits.

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