A group of investors is making a significant play to help rescue Uncle Nearest Premium Whiskey, the Tennessee-based brand that’s been struggling under court-appointed receivership since fall 2025.
The brand—named in honor of Nathan “Nearest” Green, the formerly enslaved master distiller credited with teaching Jack Daniel the craft—has faced mounting challenges after lender Farm Credit Mid-America lost confidence in the company’s ability to repay a massive $108 million loan.
That led to receivership, sales declines, distributors pulling back, and bottles disappearing from shelves and bar menus in markets including Atlanta.
Founders Fawn Weaver (the majority shareholder and driving force behind the brand) and Keith Weaver have been fighting to regain control.
They’ve filed a civil lawsuit against former CFO Michael Senzaki, accusing him of fraud, forged stock transfers, and diverting funds—issues they say contributed to the financial instability.
Now, an investor group called NextGen2780 is seeking to purchase the $108 million loan outright from Farm Credit Mid-America.
Their goal: accelerate a potential sale of the company and prevent further damage during what they describe as a prolonged and uncertain receivership process.
Walter Miles, representing NextGen2780, emphasized the risks of delay: “We respectfully note our concern that the extended duration of the receivership proceedings may be contributing to a gradual diminution of enterprise value.
Prolonged uncertainty can adversely affect brand equity, distributor and vendor relationships, employee retention, and overall market positioning.” The group argues the move could help preserve value for creditors and stakeholders while addressing the ongoing erosion.
Uncle Nearest remains the second-largest Tennessee whiskey brand after Jack Daniel’s (as of recent figures), with award-winning expressions and a devoted following.
Here in Atlanta, the brand has built a solid presence—stocked at spots like Total Wine & More, Green’s Beverages, and many independent liquor stores and cocktail bars. Weaver held bottle signings in Atlanta late last year.
Local fans have also connected with the brand’s story through events like Fawn Weaver’s book tour stops and tastings highlighting Nearest Green’s legacy.
The Weavers have opposed a forced sale, arguing it could undervalue the company amid broader industry headwinds like oversupply and softening demand.
The receivership process continues in Tennessee courts, with potential asset sales or refinancing eyed for early 2026.
For now, Atlanta whiskey drinkers shouldn’t see major immediate disruptions to availability, though the uncertainty could influence future distribution and pricing. We’ll continue tracking developments on this high-profile Southern spirits story.
