Freeman Spogli completed the acquisition of Philz Coffee.

Freeman Spogli, a private equity firm, completed the acquisition of Philz Coffee, a specialty coffee brand. Financial terms were not disclosed. "Philz is a beloved brand with a passionate customer base, distinctive, handcrafted coffee offerings, and significant room for expansion. We are committed to preserving and building upon Philz' rich heritage and will continue delivering the unique, authentic coffee experience that makes the brand so special. We believe the company is well-positioned for meaningful growth in the attractive and growing specialty coffee category, especially with Mahesh and the talented Philz team to help drive this new chapter of success," Brad Brutocao, Freeman Spogli Partner.