Silverado sells Sweetwater Vineyard to investment group

Monterey, Calif.—Silverado Investment Management Company, SIMCO, sold the 900-acre Sweetwater Vineyard near King City, Calif., to “a large North American-based pension fund,” according to a press release by Zepponi & Company that served as the exclusive financial advisor to SIMCO. The vineyard is planted primarily to Pinot Noir, Cabernet Sauvignon and Chardonnay and has supplied several of California’s largest wine companies.

SIMCO is a division of Westchester Group Investment Management, which is an investment firm focused on developing and managing premium wine grape vineyards. The company oversees more than 20,000 acres of wine grapes in Napa and Sonoma counties and the Central Coast region of California and sells winegrapes to more than 85 winery customers.

The Sweetwater Vineyard deal closed June 28 and is one of a string of significant vineyard acquisitions in the wine industry in 2017.  “We expect to see continued vineyard acquisition activity through the balance of the year and into 2018,” said Joe Ciatti, principal at Zepponi & Company.

Currently no comments posted for this article.