Blue Equity buys Liquor Stores’ Kentucky unit for C$37.6 mln

U.S. private equity firm Blue Equity has acquired Liquor Barn, a Kentucky spirits, beer and wine retailer affiliated with Liquor Stores North America Ltd. No financial terms were disclosed; however, in a separate release, Liquor Stores, an Edmonton-based operator of retail liquor stores, said the deal will generate proceeds of as much as C$37.6 million. Liquor Stores, which also plans to sell a 51 percent interest in Birchfield Ventures LLC of New Jersey, is looking to refocus on core markets in Alberta, British Columbia and Alaska. Blue Equity said Liquor Barn will be relocated to Louisville, Kentucky.

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