Read the Pittco Management Press Release on PR Newswire
Adams and Reese served as liquor law outside counsel to Pittco Management, LLC for the formation of PDI Spirits, LP as its investment arm in the distilled spirits industry.
Initially, PDI Spirits will focus on Bourbon aging. The firm’s recent purchase of new-fill and two-year-old Kentucky Bourbon is the first in a series of planned acquisitions through which it will build a portfolio across numerous vintages.
Pittco is the single-family office for Joseph R. "Pitt" Hyde III, founder of AutoZone, and his wife, Barbara. Pittco was established over 30 years ago, and provides investment, accounting, tax, and financial services from its headquarters in Memphis, Tennessee.
The Adams and Reese Alcohol and Hospitality Team, part of the Firm’s Intersection of Business and Government Practice, serves industry participants across the spectrum of the supply chain, from breweries, distilleries, and wineries, to distributors, retailers, bars and restaurants, and trade associations, assisting with everything from regulatory compliance and licensing issues to labeling and tax considerations. The team represents clients before local beer boards and state alcoholic beverage commissions in actions related to licensing, enforcement actions, administrative hearings, and violation notices.