Scotty's Brewhouse Has New Owner With International Plans

Posted: Updated:
Scotty's expanded into Florida for the first time last year. Scotty's expanded into Florida for the first time last year.
INDIANAPOLIS -

Indianapolis-based restaurant brand Scotty's Brewhouse has been acquired by a subsidiary of Arizona-based Due North Holdings LLC. The Scotty's Brewhouse concept was launched 20 years ago. Founder Scott Wise tells Inside INdiana Business plans call for expanding to 100 locations in five years in the U.S. and abroad and taking it public.

Wise says "this has been a 20 year dream in the making. And to see it all come to reality, as well as, understand the potential for our future with Due North is so humbling and exciting." Due North says Wise will remain "actively involved" as the footprint grows. "Due North Holdings shares our values here at Scotty's, and that was a big part of the decision for us," Wise said. "I wanted to know my vision and my team would stay in place as we continued our growth and Due North Holdings is giving us this exact opportunity."

Scotty's currently has 19 locations in Indiana, Illinois and Florida, including a Plainfield restaurant that is currently under construction. The plan is to develop more Midwest locations and Due North says it will also bring the concept to Arizona and other parts of the Southwest within a year. Wise's craft beer brand, Thr3e Wise Men Brewing Co., also factors into the equation. Due North says "significant plans" are underway to take Thr3e Wise Men nationwide.

Wise would not disclose the price of the deal, but says the company is currently in negotiations for 10 potential locations in markets such as Lexington, Louisville, Cincinnati and Columbus, Ohio, Denver, Phoenix/Scottsdale, as well as Missouri and Florida.

  • Perspectives

    • Mitigating Your Company’s Cybersecurity Risk

      Frequently, I encounter people who think that a software developer understands all languages and can “fix” anything tech related. While that may be true for a few, areas of expertise within tech evolve as rapidly as the technology itself. For instance, there was a time (not long ago) when operating in the cloud was revolutionary. Today, it is considered best practices for some or all of an organization to function within a cloud. Managed information technology began with...

    More

Events



  • Most Popular Stories

    • (photo courtesy of the town of Plainfield)

      Plainfield Breaks Ground on Parking Structure

      The first piece of a redevelopment plan for downtown Plainfield is underway. City and community leaders have broken ground on the new Downtown Plainfield Parking Structure, which is expected to be complete in the late summer or early fall of 2020.

    • Tony Bates previously worked for companies including Skype, Microsoft and Cisco.

      Genesys Names New CEO

      California-based Genesys has selected former Skype CEO Tony Bates as its new chief executive officer. The company, which employs more than 800 in Indianapolis, says Bates' predecessor, Paul Segre, will continue as chairman.

    • The Waterside project aims to transform 100-acres of the former GM Stamping Plant site. (photo courtesy of Ambrose Property Group)

      Ambrose, Glick Partner on Waterside

      Indianapolis-based Ambrose Property Group has announced a key partnership for the redevelopment of the former GM Stamping Plant in downtown Indianapolis. The commercial real estate firm is teaming up with the Gene B. Glick Co. to build and manage apartments as part of the $1.4 billion mixed-use redevelopment project. Ambrose says the partnership is also part of plans to catalyze "philanthropic and community-centric strategies to strengthen Indianapolis." The firm also...

    • I-65 INDOT construction map

      I-65 Construction Update

      Construction work is scheduled to start next week on I-65 near downtown Indianapolis. Indiana Department of Transportation crews will begin to clean up the interstates after two years of freeze/thaw cycles. Crews will be working in segments, including patching and repaving work. INDOT crews will begin work in earnest on northbound and southbound in segments, beginning on weekend nights from April 26 through August.  

    • (photo courtesy Dax Norton)

      Whitestown Tops Indiana's Fastest-Growing Communities

      The Indiana Business Research Center at the Indiana University Kelley School of Business says Whitestown in Boone County is Indiana's fastest-growing community for the eighth consecutive year. The center says the town's population nearly tripled, from 3,132 in 2010 to 8,627 last year. Westfield in Hamilton County is not far behind. Its population grew 5.2 percent in 2018, according to information reported by the U.S. Census Bureau. Other communities on the list include...