United Package Liquors Inc. announced on Tuesday that it has acquired four stores in Bowling Green, Ky., marking the Indianapolis-based
company’s first expansion outside of Indiana.
United Package Liquors’ 24 stores in central Indiana have 150 employees and produce $25 million in annual revenue. The purchase pushes the numbers to 190 employees and $38 million in annual revenue, CEO and President Brad Rider said. He declined to disclose financial terms of the deal.
United Package Liquors bought the four stores of Chuck’s Liquor Outlet, a family-owned business operated by Chuck Evans, who died in January.
Two of Evan's three sons will join United Package Liquors. Robert Evans will become general manager of the four Bowling Green locations, and Tristan Evans will be a buyer and store manager.
The Chuck’s Liquor Outlet stores will retain their names, said Rider, who wants to grow United Package Liquors even larger.
“We’ve never done this before,” he said of the out-of-state purchase of Chuck’s. “Now that we’ve done it and got our feet wet, this is definitely the start of a possible expansion.”
United Package Liquors was founded in 1964 by Leon Riggs, the company’s chairman and chief financial officer.