According to a press release, Sixpoint Brewery has been acquired by Artisanal Brewing Ventures (ABV), a holding company associated with New York-based hedge fund Ulysses Management LLC that was formed in 2016 with the merger of Souther Tier Brewing and Victory Brewing.

As a result of the acquisition, Sixpoint will be opening its first taproom as well as a brand new brewing facility in Brooklyn, N.Y. In addition, Sixpoint will “partner with Southern Tier and Victory to leverage their collective consumer data and insights to build an impactful innovation program and marketing approach.”

“I am truly excited to be joining ABV,”  said Eric Bachli, Sixpoint’s brewmaster and chief product officer, in a press release. “This is a world-class organization and they bring expertise in the business side of craft beer, so we can focus on our craft and on creating great-tasting, innovative beers. Sixpoint has so much opportunity ahead of it, and our partnership with ABV will help us reach our full potential.”

Founded by Shane Welch in 2004, Sixpoint is one of New York’s longest running craft breweries and produces more than 50,000 barrels of beer a year.

Terms of the deal were not disclosed.