Project Spotlight: Pioneer Wine, Denver, Colorado
Pioneer Wine Company is a boutique wine distributor in Texas with corporate headquarters in Dallas and warehouses in Austin and Houston. It works with vineyard owners, winemakers and distillers all over the world to offer a unique selection of fine wines and specialty spirits.
The company was founded in 2007 by CEO Greg Kassanoff. At the time, banker Derek Zelazny helped the company get started by arranging a line of credit. Over the years, Zelazny maintained a relationship with Kassanoff and watched with pride as the company grew. Kassanoff’s recent pursuit of an acquisition in Colorado presented an opportunity for the two to work together again.
In May 2015, Kassanoff, through newly formed Pioneer Wine & Spirits of Colorado, led an acquisition of a Colorado-based distributor of fine wines. The company is based in Aurora, a suburb of Denver, and sells and delivers products to customers throughout the state. Zelazny and the team at Bank SNB provided a term note and revolving line of credit that helped fund the acquisition. In addition, Bank SNB provides treasury management products, including remote check capture, for the Colorado operation.