Local whiskey distillery raises millions in capital to accelerate growth.
Central Indiana-based whiskey distillery West Fork Whiskey Co. announced that they entered a partnership with Indianapolis-based Ouabache Investments. The additional capital will allow the distillery to expand production and accelerate growth dramatically.
While initial investment totals $3M, an additional $10M to $15M will be spent supporting production contracts and real estate development.
“We are constantly looking for ways to grow our company. Throughout our history, we’ve had to limit our growth several times due to a lack of inventory. This partnership and investment will allow our company to dramatically expand our whiskey inventory, marketing, and sales, leading to significant expansion.” said Blake Jones, Co-Founder & Co-CEO. “We couldn’t have found a better, locally based partnership to help us reach our goal of creating world-class whiskey and bourbons here in Central Indiana.”
Just a little over 12 months ago, the company opened a nearly $11M tourism facility based in Westfield, Indiana, right next to Grand Park Sports Complex. This new funding will also allow West Fork to further develop its land on 191st Street in Westfield. Additional land development will give the company the ability to host outdoor concerts and improve its tourism experience by breaking ground on a new rackhouse. This new aging facility will give the distillery the ability to highlight how both barrels and the overall aging environment affect the flavor of its bourbon and whiskey.