The transaction is expected to close by November 3, 2025, marking Westward’s return to full independent ownership.
Westward Whiskey announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of most of its assets to a private investor group that financed the company during its bankruptcy process. According to a recent press release, the restructuring positions the Portland-based craft distiller for renewed stability and growth under the continued leadership of CEO Thomas Mooney.
Continued Growth Amid Industry Challenges
Despite a challenging spirits market, Westward Whiskey reported a 53% increase in sales through the end of September 2025 compared to the same period in 2024. The brand also surpassed its total sales for all of 2024, with additional gains anticipated during the upcoming holiday season, historically the strongest quarter for spirits brands.
CEO Thomas Mooney on Westward’s “Bright New Future”
“Today, we celebrate a new beginning at Westward Whiskey, a bright new future that will allow us to compete and win despite an industry slowdown and broader economic headwinds,” said Thomas Mooney, CEO of Westward Whiskey. “Our new, independent ownership structure gives us the freedom and flexibility to lean into the parts of our business that continue to shine – including our Westward Whiskey Club, direct-to-consumer business, and select wholesale markets where we have partnered with Pacific Edge Wine & Spirits.”
Investors Reaffirm Long-Term Commitment
Luis Fernando Leal, a principal of Aqua Ardens, the buyer of Westward Whiskey’s assets, stated, “Along with my partners, I am thrilled to play a role in the future of Westward Whiskey. We were among the original investors in the brand, and I have served on its board of directors since 2011. Thomas and the Westward team have the right vision, strategy, and ability to propel Westward Whiskey to sustainable growth in the coming years. This is a difficult moment in the spirits industry, but a tremendous opportunity for Westward Whiskey.”
Restructuring and Future Outlook
Westward Whiskey filed for Chapter 11 (Subchapter V) bankruptcy protection on April 6, 2025, as part of a plan to address liquidity and distribution challenges. According to Westward, that process provided a framework to restructure for future success and a return to profitability under a new ownership model.
About Westward Whiskey
Founded in 2004, Westward Whiskey is known for producing American single malt whiskeys inspired by the culture and climate of the Pacific Northwest. Its flagship lineup includes Original, Pinot Noir Cask, Stout Cask, Cask Strength, and the annual Milestone blend. Westward has received international acclaim, including Double Gold and Gold Medals at the San Francisco World Spirits Competition and recognition as a Top Five Whiskey in the World by Whisky Advocate in 2022. For more information, visit WestwardWhiskey.com.
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