Johnson Brothers Announces Agreement to Acquire Service Distributing, Inc. of Virginia
Johnson Brothers today announced that it has signed an agreement to purchase Service Distributing, Inc., one of the leading wine distributors in Virginia. Founded in 1961, Service Distributing, Inc. is a family-owned and operated company whose impressive portfolio consists of a wide variety of wine and beer brands.
“This acquisition continues to grow our geographic footprint across the country. Over the past few years, we have made strategic acquisitions in North Carolina, Indiana, and West Virginia. With this latest acquisition, we will significantly expand our presence in the Mid-Atlantic region,” said Michael Johnson, Chairman & Co-Owner. “We are excited to add Virginia, and Service Distributing’s dedicated and talented team members, to our organization.”
Larry Buckner, Service Distributing, Inc.’s owner and Chief Executive Officer, commented, “Selling our business was not an easy decision to make. In this case, we are fortunate that we found another family business to carry on the legacy of Service Distributing. We are incredibly grateful to our loyal employees for building that legacy and are proud to announce that Johnson Brothers intends to hire all our employees making the transition seamless for our team, suppliers, and customers.”
“We are committed to carry on Service Distributing’s 60+ year history in northern Virginia, providing a strong family culture for our team members and outstanding service for our customers and supplier partners,” said Todd Johnson, Principal & Co-Owner.
The acquisition is expected to close in the Spring, subject to customary closing conditions.
About Johnson Brothers:
Johnson Brothers is a family-owned wine, spirits, and beer distributor with headquarters in St. Paul, Minnesota. The company has been providing world-class service to customers throughout the United States since 1953 and will now have operations in 21 states. To learn more about their story, services, and locations, please visit www.johnsonbrothers.com.