The Boston Herald is reporting that investment firm Fireman Capital Partners is making a “major investment” in the Salt Lake City brewer Utah Beers, which owns both Wasatch and Squatter’s Pub. According to the story, the investment will be used to “support the expansion of the Squatters and Wasatch brewer’s distribution, marketing and brew pub business.”

Currently, “Squatters and Wasatch beer is sold in 12 states and the company operates five brew pubs and restaurants in Salt Lake and Park City, Utah.” Squatters co-founder Peter Cole was also quoted in the piece. “This investment opens the door to the next level for Squatters and Wasatch, and provides the financial firepower and expertise we need to meet rapidly growing demand for our beer and to reach new markets.”