In one of the biggest shakeups in recent Pennsylvania craft beer history, Yards Brewing was set to be acquired by B3 Beverage Co., a contract manufacturing company spearheaded by Bald Birds Brewing. However, recent reports and court filings indicate that the planned acquisition has not closed.
While there is no confirmed reporting on the status of the acquisition, a recent report by Philadelphia Business Journal did mention (albeit briefly) that the acquisition has been put on hold.
More importantly, court filings reveal that Yards Brewing has successfully moved to dismiss lawsuits brought by funding companies, establishing in court that Joseph Feerrar lacked authority to bind Yards to those financing agreements. In one case, a sworn affirmation of a Yards executive lists the merger as “on hold”.
At the center of this sits Joseph Feerrar and his web of entities including Bald Birds Brewing Company LLC, B3 Beer Company LLC, and B3 Beverage Company LLC. As previously reported, Feerrar entered into merchant cash advance agreements, which purchase future business receivables, on behalf of several beverage entities. After those loans defaulted lenders rushed to enforce multi-million-dollar agreements and judgments across multiple state courts. Yards Brewing found its name dragged directly into the crosshairs of these matters.
Recent court filings reveal a clear narrative: Yards Brewing has taken aggressive legal steps to distance itself from Bald Birds, successfully knocking down lawsuits where lenders attempted to hold Yards accountable for debts it never authorized or owed.
Operating under various corporate entities, Feerrar engaged in merchant cash advance (MCA) agreements, selling off future revenue and receivables in exchange for upfront cash. As part of these transactions, Feerrar routinely pledged future revenues to finance firms. In several instances, he executed agreements and settlement stipulations that put Yards Brewing into the legal guarantees, effectively treating Yards’ revenue stream as collateral.
However, the revenue promises collapsed under the weight of defaults. When payments bounced or failed to materialize, lenders did not just go after Bald Birds and B3, they turned around and sued Yards Brewing to collect on the unfulfilled revenue promises.
Court records from New York and Florida paint a picture of Yards actively cutting ties and shutting down attempts to tie its business to Feerrar’s financial liabilities. Three different court cases tell the same story. Feerrar used Yards revenue to back defaulted loans, only for Yards to successfully remove their name from any liability.
1st Alliance Group LLC v. B3 Beverage Company LLC
1st Alliance filed suit in March 2026 to recover damages following an alleged breach of a revenue purchase agreement and personal guarantee. The suit named Yards alongside Feerrar and his B3/Bald Birds entities. Yards moved to dismiss the complaint against it. The court found that Joseph Feerrar had no actual or apparent authority to bind Yards to the underlying sale of future receipts agreement.
Parkview Advance LLC v. Bald Birds Brewing Company LLC
Most notably this case shows evidence of the Yards/ B3 merger never closing because B3 failed to obtain a malt beverage manufacturing license from the Pennsylvania Liquor Control Board.
In December 2025, Parkview Advance purchased $300,000 of future receivables for $200,000 via an agreement signed by Feerrar as “owner” of each entity, including Yards. After a default, a settlement stipulation was executed that allowed a default judgment to be entered against all named parties. Yards separately moved to vacate the default judgment and dismiss the action. In sworn affirmations, Yards CEO Trevor Prichett confirmed that Feerrar had no authority to bind Yards and that a pending asset purchase agreement between Yards and B3 Beer Company LLC had never closed because B3 failed to obtain a malt beverage manufacturing license from the Pennsylvania Liquor Control Board. Yards’ long-time CPA, Michael S. Kehoe, also affirmed that Feerrar was never a member, owner, or employee of Yards.
Immediate Capital Solutions, LLC v. B3 Beverage Company LLC
On May 14, 2026, the plaintiff voluntarily filed a Notice of Voluntary Dismissal Without Prejudice specifically as to Yards Brewing Company, LLC only, leaving the remaining claims against Feerrar and his Bald Birds/B3 entities to proceed.
The court documents listed above reveal a clear pattern: while Feerrar attempted to leverage Yards’ brand name and prospective revenues to secure high-risk financing, Yards was not legally bound to those deals.
As the legal fallout surrounding Bald Birds, B3, and Joseph Feerrar continues to play out in courts across the East Coast, Yards Brewing Company has successfully established a clear legal boundary. By securing dismissals in every turn, Philadelphia’s classic craft brand has made one thing clear to lenders: Feerrar’s debts and broken revenue promise belong entirely to him and his entities, not to Yards.
As of this writing, we have found no other clear evidence on the status of the Yards acquisition by B3. Whether the acquisition is still proceeding remains to be seen.
As we continue to report, Bald Birds and B3 recently faced a litany of financial pressures including lawsuits from former landlords, defaulting of debt, an 18.5 million dollar lawsuit from Tow Roads, and recent wage compliance enforcement by state labor authorities. We will continue to monitor the updates on all pending cases as well as the future of the brewing company and keep the local community updated on any further developments.
