pabst brewing company announced november 13, 2014 that it had completed its sale to blue ribbon intermediate holdings, llc. blue ribbon is a partnership between american beer entrepreneur eugene kashper and tsg consumer partners, a san francisco–based private equity firm. prior reports suggested the price agreed upon was around $700 million. redevelopment of the historic pabst campus continued, with the original brewhouse converted into a hotel, other buildings converted into condominiums and offices, and others still to be redeveloped.