Okmin to Acquire BevPoint Capital in Stock Deal

Okmin Resources, Inc. has entered into an agreement to acquire BevPoint Capital LP for 100% of BevPoint’s existing interests. The deal is structured as a stock-for-equity transaction in which Okmin will issue an aggregate of 220 million shares of its common stock to BevPoint partners and management upon closing.

BevPoint is building a national portfolio of craft beverage and experiential hospitality brands, including its recent acquisition of American Icon Brewery in Vero Beach, Florida. Upon closing, Chris Sellers will become CEO, while Jonathan Herzog will serve as President and incoming Chairman of the Board. The transaction also includes additional earn-out consideration contingent on performance.