Combine all ingredients in a medium-sized sauce pot. Whisk to combine.
Place pot on stove, over medium heat.
Bring sauce to a simmer, and continue simmering for 10-15 minutes while stirring to prevent the sugar from burning. Heating the sauce marries the flavors, and reducing it slightly will concentrate them.
Serve sauce warm with barbecued meats such as pulled pork, smoked sausages or hot links, and chicken.
Sauce can be chilled and stored in an air-tight container and will keep in the refrigerator for up to a month.