Baltimore-based Bond Distributing Co. sells after 72 years

A third-generation Baltimore company changed hands last month in a deal spurred in part by decades-long friendships in the tight-knit beverage distribution industry. Bond Distributing Co., which was founded in 1950, sold at the end of the year to the Honickman, Origlio and Bergson Organization (HOBO), which is made up of the three eponymous families and focuses on beer distribution primarily in the northeast. The acquisition marks HOBO’s entrance into Maryland, where Bond distributes beer, wine and liquor to 3,000 retail customers. Financial terms of the deal were not disclosed. Matrix Capital Markets Group Inc. brokered the deal and Venable LLP provided legal counsel to Bond.