I found this thread and figured I would give it a bump. I have seen stuff going back and forth about this, and did some research last night on it.
As far as I can tell, Small Town Brewery is not owned by PBR - but owned by Phusion Projects - AKA 4 Loko.
Basically, if you go to Small Town Brewery's website, and go to Privacy Policy, it shows up with his address:
SMALL TOWN BREWERY
ATTN: CHIEF LEGAL OFFICER
640 N. LASALLE DRIVE, SUITE 265
CHICAGO, IL 60654
http://smalltownbrewery.com/privacy/
If you then take that address and google it, the first website that also uses that address comes up with this:
http://moskatolife.com/contact/
Moskato Life is a Phuisons Project brand as well. You can see them all listed here:
http://www.phusionprojects.com/our-products/
Digging a little deeper, I find the trademark for Small Town Brewery was started by Innovative Brewing LLC:
http://www.trademarkia.com/small-town-brewery-86176779.html
And then there is this article in the Chicago Business website:
http://www.chicagobusiness.com/article/20130713/ISSUE01/307139977/four-loko-maker-is-doubling-down
It states:
"The vehicle for accomplishing those goals is a new wholly owned subsidiary called Innovative Brewing. It is being set up to acquire fledgling companies that could use a distribution boost or benefit from the experience Phusion's executives gained in previous jobs at MillerCoors LLC, Diageo PLC and Heineken USA."
To me, there is no way that Small Town is owned by anyone but Phusion Projects.