Craft Brew Alliance acquires brand and beer business.

NANTUCKET — The Craft Brew Alliance has acquired Cisco Brewers, the popular brewery on Nantucket, for $23 million.

The alliance announced the purchase earlier this week and said it also bought Appalachian Mountain Brewery in Boone, North Carolina, and Wynwood Brewing Co. in Miami through separate agreements.

Cisco and the Portland, Oregon-based alliance became brewing and distribution partners in 2015, increasing the beer's visibility throughout New England, and this past summer, Cisco helped the alliance rebrand its Portsmouth, New Hampshire, brewpub and open an outdoor pop-up pub in Boston’s Seaport District.

Under the new agreement, the alliance will own the brewery’s brand and beer business and the Cisco founders will oversee the Cisco Brewers retail merchandising and brewpub properties, including the brewery on Nantucket, according to a statement from the alliance.

“By having CBA invest in our beer brands we’ll be able to serve our customers better than ever on Nantucket and take the island experience on the road to more fun-loving people and dogs,” Cisco founder Jay Harman said in the statement. “Our founders will remain personally involved with CBA’s team on the wholesale business while operating the retail side independently, and we’re all psyched because everyone sees this as a win-win.”

Cisco and the alliance also entered an agreement that allows Cisco to operate three brewpubs and any number of pop-up locations royalty-free under a nonexclusive license arrangement, according to corporate documents. Additional brewpubs could be operated with the payment of $50,000 annual royalties per pub.

“We are thrilled to welcome AMB, Cisco, and Wynwood fully into the CBA family,” said alliance CEO Andy Thomas. “From the beginning we knew that our shared values and complementary interests gave us a platform to grow together. Over the past few years, as we’ve gotten to know each of these exceptional breweries and their passionate teams, it became increasingly clear that the future would be brighter for all of us working together as one.”

— Follow Ethan Genter on Twitter: @EthanGenterCCT.