Integrated Beverage Group Gets Private Equity Funding

Denver-based Integrated Beverage Group (IBG), which operates a number of wine brands, said this week that it has raised a round of private equity funding. The funding came from Juggernaut Capital Partners. Size of the funding round was not disclosed. The company said the funding values the company in excess of $20M. As part of the investment, it has named Mike Salzberg as Chairman of the company; Salzberg was most recently President and COO of Advantage Sales and Marketing, and previously wwas President of U.S. sales at Campbell Soup Company, and also served at Pepperidge Farm and Total Wine & More.