Squatters (Salt Lake Brewing Company) was founded by Peter Cole and Jeff Polychronis. As friends and business associates since the late 1970s, Cole and Polychronis undertook a yearlong pub crawl in the 1980s, visiting more than 40 brew pubs throughout the West. With a swill and a swallow and after many nights tasting good beer, they decided it was time that Salt Lake City had a microbrewery of its own, and Squatters Pub Brewery was born in the shadow of downtown in 1989.