SKJ Capital Acquires Alamo Beer for $3.75M

SKJ Capital has closed its acquisition of Alamo Beer Company, the San Antonio brewery that filed for Chapter 11 in February. SKJ won the bankruptcy-court auction with a $3.75 million bid, making it the first ownership change since Alamo Beer’s 1997 founding.

The deal follows a bankruptcy filing listing $9.3 million in assets and $24.8 million in liabilities, with the largest asset being a $7.3 million brewing property at 415 Burnet St. SKJ said it will keep producing the beers customers know, continue operations at the East Side brewery, assume strategic oversight, and renovate the brewery and taproom. Jason Pond will become CEO, and SKJ plans to keep employees.