Tag: collingwood

The rise, fall, and sale of Side Launch Brewery

Posted on by Ben

*UPDATED 11:40am October 20: Details provided by Equals*

Side Launch Brewery has been sold to Equals Brewing Company.

Nothing has been announced yet, but I have heard from enough sources with enough insight into the company that I feel comfortable posting this. I will of course update this post when it inevitably creates a need for a press release. *UPDATE: Equals brewing has confirmed the purchase of Side Launch. Full statement from Justin McEllar, the President of Equals, has been added to the end of this post.*

Equals, for the uninitiated, is a contract and co-packing business right here in London Ontario. They likely already brew a handful of your favourite contract beers, including Triple Bogey, and they have become a go-to spot for local breweries that need occasional help with capacity. They also offer private label brewing and have a couple of their own brands, including Shake Lager, and the downright excellent Bangarang hard seltzer (Seriously, it’s really good).

Side Launch, as most will know, is a once-great brewery in Collingwood that has continued to make head-scratching decision after head-scratching decision as the board that runs the company tries to maximize profits and, in recent years, clearly position the place for a sale. Continue reading “The rise, fall, and sale of Side Launch Brewery” →

Side Launch Brewing Company announces termination of CEO Garnet Prat Siddall

Posted on by Ben

The board of directors of Collingwood’s Side Launch Brewing Company has announced the termination of the brewery’s President and CEO, Garnet Pratt Siddall.

In an announcement to staff and stakeholders of the company, Andy Wilder, Chairman of the Board of Directors, said the board “has decided that Side Launch would be best served with a new leader and the search for a new CEO will commence immediately.”

The statement includes assurances to staff the company will “continue to prosper and grow” and lauds the brewery’s “strong balance sheet.” As the reason for termination, Wilder indicated that “[i]t is normal that as an organization grows, the skills and processes needed to manage the organization change.”

A source tells me, however, that the board parted company with Pratt Siddall over “fundamental disagreements over how to run the business.”

That Side Launch has chosen to part ways with Pratt Siddall, who served as President and CEO since the company’s founding three years ago and inarguably helped the brewery rise to its current prominence, is a puzzling decision to say the least. Pratt Siddall brought experience in corporate finance and mergers and acquisitions to Side Launch, the company was named the 2016 Brewery of the Year at the Canadian Brewing Awards, and Pratt Siddall was recently elected by her peers to serve as chair of the board of directors for the Ontario Craft Brewers association. The first woman ever elected to that position.

I reached out to Pratt Siddall for comment but she indicated she was not prepared to discuss the situation.

Per the recent announcement, Side Launch Brewery’s interim CEO will be Al Stuart. Stuart is a Managing Partner of The Pilot in Toronto, former Vice President of Operations at Stuart Energy Systems Corporation, and is currently a director of the Bloor Yorkville BIA and sits on JAZZFM‘s board of directors.