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January 25, 2021

Beans & Brews receives investment from Charger Investment Partners

Beans & Brews Coffeehouse, Utah-headquartered operator and franchisor of coffeehouses in Utah, Idaho, and Nevada in the US, has secured growth investment from private equity firm Charger Investment Partners.

Beans & Brews Coffeehouse, Utah-headquartered operator and franchisor of coffeehouses in Utah, Idaho, and Nevada in the US, has secured growth investment from private equity firm Charger Investment Partners.

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The size of the investment was not revealed. It was made in partnership with the company’s founders Jeff and Kevin Laramie on 31 December 2020.

Family owned since 1993, Beans & Brews Coffeehouse is also a wholesaler of specialty roasted coffee beans made using its High-Altitude Roasting process.

The brand currently operates 58 company-owned and franchise locations across the western US.

Charger co-founder and partner Kim Pollack said: “Beans & Brews Coffeehouse has differentiated itself under the Laramie family’s leadership by offering an extraordinary experience through a commitment of providing freshly roasted coffee and premium ingredients, offering a comfortable atmosphere that is warm and welcoming and supporting the communities, in which employees and customers live and work.

“We look forward to supporting the Laramie family and continuing to build upon the outstanding coffee experience they have established over the last three decades.”

Following the investment, Charger operating partner Chris Dull will become a part of Beans & Brews’ board of directors.

Dull, who has extensive experience as a CEO, has been a board member to a number of businesses in the food and beverage and franchise space.

Commenting on the investment, Dull said: “This is an excellent partnership between the Beans & Brews team and Charger, and I am excited to be part of the company’s expansion to bring this outstanding brand to new markets.”

Beans & Brews CEO Jeff Laramie said: “Since 1993, Beans & Brews has been more than a passion – it has been part of our family.

“We are confident that Charger, with their expertise and insights, will accelerate the company’s growth while maintaining our core values.”

In December last year, Baristas Coffee Company opened its 50th Munchie Magic virtual restaurant location in Seattle, Washington, US.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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