Off Hours Bourbon Lands Seven-Figure Deal to Continue Growth

Posted on by Scott Dilley

Funds will be used to propel the whiskey brand’s production capabilities so it can reach more drinkers.

Algoma Capital, Growth Beverage’s lending arm dedicated to supporting whiskey brands and distilleries, is thrilled to announce it has closed a seven-figure strategic transaction with Off Hours Bourbon. The funds will be used to fuel Off Hours Bourbon’s production capabilities, given increased demand for the brand, enabling them to reach more drinkers in 2024 and beyond.

We chose to partner with Algoma Capital on this transaction because the team understands the unique needs of the whiskey business and our mission. They are true partners, and we look forward to working together to grow our operations so that more drinkers can enjoy our bourbon, anytime.

Jake Ireland, Founder & CEO of Off Hours

Launched in 2020, Off Hours Bourbon is committed to revolutionizing the preconceived notions surrounding bourbon, shifting away from formalities to offer a classic spirit designed for relaxed settings and casual enjoyment.

Jake and the Off Hours team have demonstrated an unparalleled vision for modernizing the bourbon experience. We are thrilled to offer an infusion of funds that will help them expand their production capabilities so that more people can experience the Off Hours brand.

Brian Rosen, Founder and Chairman of Growth Beverage, the parent company of Algoma Capital

Algoma Capital was founded in 2023 and is part of the Growth Beverage portfolio, a collective of brands dedicated to the adult beverage industry that includes private equity firm, InvestBev, and startup accelerator, Sprout Beverage. Algoma Capital has a $100 million fund dedicated to providing non-dilutive operating capital to whiskey brands and distilleries.

About Off Hours Bourbon

Off Hours Bourbon is made for afternoon relaxations and late night convos as it dispels the idea that you have to wear a suit to drink a glass of Bourbon or that it can only be enjoyed poured over rocks at the end of the day. The award-winning liquid is aged in American white oak barrels for over 5 years. Tasting notes include aromas of creamy vanilla, hint of nutmeg and toasted pecans, rich notes of cinnamon and a silky finish of lingering honey.

if you’d like to learn more about Off Hours Bourbon, check out our podcasts with Founder Jake Ireland and our Off Hours with Bourbon Lens series of podcasts.

About Algoma Capital:

Algoma Capital, established in 2023, operates under the Growth Beverage portfolio, a consortium dedicated to nurturing brands within the adult beverage industry. As part of Growth Beverage, Algoma Capital manages a $100 million fund focused on providing non-dilutive operating capital to whiskey brands and distilleries, enabling them to navigate challenges and accelerate their growth trajectories.

About Growth Beverage

Growth Beverage is a collective of companies that include InvestBev, Sprout Beverage, Algoma Capital, and BevStrat. It is the only organization that supports independent beverage brands at every stage of their growth journeys — from start to store to scale. Companies in the Growth Beverage ecosystem can receive support with incubation and accelerator, retail distribution, venture funding, and operating capital.

To learn more, visit growthbeverage.com.

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