A Kentuckiana-based venture capital and real estate first has acquired Tin Man Brewing Company in Evansville.

Neace Ventures will acquire Tin Man, a firm that already owns Old 502 Winery, Falls City Brewing Company, Over the Nine, and Brownies “The Shed” Bar and Grille.

“Neace Ventures is excited to announce the acquisition of Tin Man Brewing Company,” said Neace Ventures President Brad Estes. “The synergies that this fine company brings to our food and beverage portfolio are countless. We proudly welcome the Davidson family into the Neace Ventures family.”

Tin Man ceased it’s Tasting Room operations in March but continued brewery production for its distribution network while seeking new ownership.

“We’re very excited about this partnership,” said Tin Man Brewing President Nick Davidson. “We have always been a family business, and now we’re becoming a part of a bigger family.”

“Falls City couldn’t be happier to welcome a new sister company. Tin Man’s brand reputation speaks for itself and its people are a class act,” said Falls City President Shane Uttich. “Our entire team is excited.”

(This story was originally published June 16, 2017)