Concannon Vineyard in Livermore Valley introduced Petite Sirah to the United States. Concannon Vineyard photo

Investment management firm PACT Capital played a key role in the recent sale of a historic 141-year-old Livermore Valley winery.

With offices in Los Angeles and Fresno, PACT Capital was the senior lender in the transaction that saw the Concannon Vineyard change hands to Lemmons Family Vineyards from owner The Wine Group.

PACT’s piece of the financing equaled $13.5 million. The transaction represents a new era for “a true gem in California’s wine heritage,” said Adam Mortanian of PACT Capital.

Along with another Livermore establishment in the transaction, Darcie Kent Winery, Lemmons Family Vineyards is planning a return to basics for Concannon Vineyard,

“We will be phasing out the international bottling operations and concentrate on re-planting the vineyards to the historic grape varietals, such as Cab Franc and Sauvignon Blanc, that made Livermore famous in the 1880s without losing sight of Concannon’s pioneering efforts with Cabernet Sauvignon and Petite Sirah,” Tom Lemmons and Paige Lemmons said in a Nov. 25, 2024, press release announcing the sale.

Colliers International represented The Wine Group in the transaction, while Larson Lindenau Law Group, PC, advised the buyers. The transaction and relationship originated from PACT Capital’s regional agriculture office in Fresno.

“The firm remains dedicated to supporting landmark properties like Concannon Vineyard and the visionary owners who invest in their future,” according to a news release from PACT Capital. “With this transaction, PACT reaffirms its mission to provide competitive, market-leading lending solutions to the wine industry.”