Initially founded as Funky Buddha Lounge & Brewery in 2010 before opening its Oakland Park brewery in 2013, the company was acquired by Constellation Brands in 2017. Its flagship beer portfolio includes Floridian and Hop Gun.
Now both the founders – Ryan and KC Sentz - and Constellation agree that now is the ‘ideal time for the original owners to reclaim control of the company and focus on beverage innovation, new consumer experiences, and additional product lines’, says a statement from the companies.
The reacquisition of the brewery is set for June 2023. Financial details of the transaction have not been disclosed.
"Beverage innovation has always been our biggest strength, and Ryan and his team have some incredible ideas in the pipeline," said KC Sentz, Owner and Co-Founder of Funky Buddha Brewery. "As we approach our 10th anniversary, it seems like the perfect time for our business to evolve and reignite the community's passion for craft beverages."
The duo credits expanded distribution to its partnership with Constellation Brands, and now say they want to focus on innovation and new products moving forward.
"We enjoyed working with Constellation and we learned a lot from them. As we embark on the next chapter, we plan to push boundaries and create entirely new drinking experiences in beer and beyond," said Ryan Sentz, Owner and Co-Founder. "We'll be serving good vibes on tap for many years to come."