Announced
Financials
Tags
Completed
Acquisition
Domestic
Restaurants and Bars
Private Equity
Single Bidder
drive-thru bars
Minority
Friendly
United States
coffee shops
Private
Synopsis
The Blackstone Group, an American alternative investment management company based in New York City, completed the investment in 7 Brew, the next generation drive-thru beverage business. Financial terms were not disclosed. "We are on a strong growth trajectory thanks to our outstanding team, the Brew Crew, and are so excited to have found in Blackstone a true partner who understands our culture and whose global reach and incredible resources will enable us to reach this next stage of growth. Blackstone brings everything we are looking for to help serve our customers and support our franchisees – industry and market knowledge, franchisee relationships, data science, operations and real estate expertise," John Davidson, 7 Brew CEO.
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