Clearspring-backed DME Brewing Solutions completes “transformative” merger

Clearspring Capital Partners has invested in the merger of portfolio company DME Brewing Solutions with a top competitor, a deal the Toronto private equity firm says will reshape the craft-beer-equipment industry. Last month, Charlottetown, Prince Edward Island’s DME, acquired by Clearspring in late 2015, combined with Abbotsford, British Columbia’s Newlands Systems. Terms weren’t disclosed. Both companies expanded over a 25-year span with the global rise of craft-brewery startups.

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