Announced
Completed
Financials
Tags
Private Equity
Single Bidder
Minority
Completed
Private
United States
Acquisition
Friendly
coffee houses
Domestic
Restaurants and Bars
Synopsis
Charger Investment Partners, a private equity firm, completed the investment in Beans & Brews Coffeehouse, an operator and franchisor of coffeehouses in Utah, Idaho, and Nevada. Financial terms were not disclosed. "Since 1993, Beans & Brews has been more than a passion – it has been part of our family. Serving our guests each day is the reason we get up in the morning and the opportunity to create the highest quality products makes us proud. We have enjoyed customer and employee loyalty as a result of our passionate culture, demonstrated by baristas from our earlier days that now lead parts of our growing operations today. We are confident that Charger, with their expertise and insights, will accelerate the company’s growth while maintaining our core values," Jeff Laramie, Beans & Brews CEO.
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