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HopCat owners secure $25 million to fund expansion

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HopCat owners secure $25 million to fund expansion Dustin Walsh - Grand Rapids-based Barfly Ventures LLC, owners of the HopCat brewpub chain, secured $25 million in mezzanine capital financing to support its expansion efforts. Birmingham-based Cascade Partners LLC served as the investment bank on the deal, which is funded from two undisclosed lenders. The deal, which gave lenders a small equity stake in the company, was supported by lenders in Texas and closed on Aug. 28, MLive reported. The funds will be used to open as many as 30 new brewpubs in the next

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