Ale Asylum to Begin Asset Sale Process
New Mill Capital set to conduct October auction for brewery
Madison, WI – New Mill Capital, a national asset disposition firm has been engaged to sell the equipment assets of Ale Asylum, a successful Madison, WI based brewery. The company announced it would sell its equipment assets and transition its production and intellectual property earlier this week. New Mill Capital is scheduled to conduct the auction sale in mid-October.
After operating the 45,000 square foot brewery, restaurant, and brewpub since expanding and moving in 2012, Ale Asylum has decided to wind down operations at their location near Madison’s Dane County Airport due to rising operational costs. The company will continue to brew onsite up to the equipment sale with expectations of a production transition in October. Ale Asylum is open to the sale of the intellectual property and brewery as a going concern.
“Having seen a lot of microbreweries, I put this one up there with the best. Not only from an equipment standpoint but also the product.”, said Eric Weiler, Principal of New Mill Capital. “To consistently pump out 15,000-20,000 BBLs per year, you have to have great beer and they certainly do. Given the quality of the brewery and how meticulously it has been maintained, we expect a large amount of interest in the assets and will entertain offers in bulk for the operation as well.”
The auction sale will feature all late model, American fabricated Quality Tank Solutions brewing equipment featuring a 5-vessel 33 BBL Brewhouse, dozens of fermenters and brite tanks from 40 to 400 BBL, complete canning and bottling lines, a separator skid and all brewery support equipment.
“We all put our heart and soul into this brewery. This decision was necessary in order to ensure Ale Asylum beer will continue into the future”, said Otto Dilba, Co-Owner of Ale Asylum. “Current operating conditions are forcing a change of direction, but we look forward to seeing our product on shelves for years to come.”
ABOUT ALE ASYLUM
Ale Asylum has been producing premium craft beer since 2006. In 2012 they moved to a new facility that is freestanding on 5 acres, 45,000 square feet, 60,000 barrels of existing capacity capabilities, and additional 85,000 square feet for expansion on the property. Their facility boasts many sustainable elements including rooftop photovoltaic solar panels and a heat recapture system.
ABOUT NEW MILL CAPITAL
New Mill Capital (www.newmillcapital.com) is a privately held manufacturing asset acquisition and disposition firm specializing in food processing & beverage plant equipment auctions, turnkey sales and acquisitions. New Mill is a national leader in the sale of idle plant equipment and has also acquired and repurposed over 20,000,000 square feet of manufacturing facilities.