Colorado staple Applejack Wine & Spirits sells to Florida company

Applejack Wine & Spirits, a staple of the Denver area since the 1960s, has been sold to ABC Fine Wine & Spirits in Orlando, Florida.

ABC, one of the country’s largest family-owned and operated alcohol beverage retailers, announced the purchase Friday. The company said in a statement that the sale marks its first out-of-state acquisition in 90 years and is the start of plans to expand nationwide.

“This is a milestone in ABC’s history and a major step toward our overall expansion plans,” said Charles Bailes III, ABC chairman and CEO. “Applejack has an exceptional reputation in the industry and is an iconic beverage retailer in Colorado.”

Applejack was founded in 1961 in Wheat Ridge. It also has stores in Thornton and Colorado Springs.

Former Applejack CEO and owner Jim Shpall said he has known Bailes for about 30 years and called ABC “great, great operators.”

Shpall said Herb Becker was Applejack’s original owner. The store opened in the Applewood shopping center in Wheat Ridge. At that time, Interstate 70 didn’t reach past Wadsworth Boulevard or Kipling Street, Shpall said.

Alan Freis, Shpall’s father-in-law, bought the business in 1980.

“I had been practicing law. An opportunity arose to go into the business and I started at Applejack in 1994,” Shpall said. “Effectively, until just now, in 65 years of history, it has been run by just three people.”