ATLANTA (August 5, 2019) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to Republic National Distributing Company (RNDC) in connection with the financing of its joint venture partnership with Young’s Market Company (Young’s). SGR also provided assistance in the joint venture transaction and related licensing matters.
The joint venture partnership between RNDC and Young’s expands on their existing Arizona partnership. Outside of Arizona, the two wholesale beverage distributors have no geographic overlap, resulting in 33 complementary supplier markets in 32 states and the District of Columbia. The combined companies create an $11 billion empire, the second largest in the market at a 19% market share. RNDC will lead operations and serve as managing partner of the joint venture for the Young’s markets, which are now a division of RNDC West.
The SGR Atlanta legal team included partners Jay Schwartz and Julie Sebastian and Associate Nicholas Flint in the Corporate Practice, along with Ronald Barab in the Finance Practice. Partner Brandon Sherlinski in the Jacksonville office handled employee benefits and ERISA matters.
About Republic National Distributing Co.
RNDC is the preeminent Fine Wine and Spirits Wholesale Distributor in American today with operations in Alabama, Arizona, Colorado, District of Columbia, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia and West Virginia. For more information about the company, please visit www.rndc-usa.com.
About Young’s Market Company
Founded in 1888, Young’s Market Company is the premier distributor of wines, spirits, and select beverages in the western United States. Young’s employs more than 3,000 people and operates in 10 states: Alaska, Arizona, California, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming. For more information, visit www.youngsmarket.com.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.