It’s long been hinted at, but now it’s finally real: Funky Buddha has been sold.
In a press release sent out Thursday morning, Constellation Brands, Inc. announced its purchase of South Florida-based Funka Buddha Brewery, one of the largest and fastest-growing breweries in the state.
Best-known today for flavor-infused brews like Maple Bacon Coffee Porter, Last Snow coconut coffee porter and No Crusts, a peanut butter and jelly brown ale, Funky Buddha was founded in Boca Raton in 2010 as Funky Buddha Lounge & Brewery by husband and wife Ryan and Giani Sentz. The Sentz family opened Funky Buddha Brewery in Oakland Park in 2013. We named it a brewery to watch soon after.
“We chose to partner with Constellation because we saw an alignment in vision and felt they gave us the greatest opportunity for growth and development,” Funky Buddha Head Brewer and President Ryan Sentz said in the release. “Constellation and Funky Buddha share a lot of the same ideals and passion for philanthropy, entrepreneurship and the art of craft beer. At the end of the day, we just really like the people we have met within the organization, each of whom share our dedication to making outstanding beer.”
Constellation is the third-largest beer company in the U.S., with a portfolio that includes the Modelo, Pacifico and Corona brands. You may recall that the company purchased San Diego’s Ballast Point Brewing Co. for the lofty sum of $1 billion in 2015. The terms of the Funky Buddha purchase were not disclosed.
Constellation’s and Funky Buddha’s team of employees will continue to work together, with Ryan and KC Sentz running the day-to-day operations, according to the release.