Daily Newsletter

16 February 2024

Daily Newsletter

16 February 2024

Blackstone invests in coffee chain 7 Brew Coffee

The investment will be used by the coffee chain to expand its business in the US.

Surya Akella February 15 2024

Investment manager Blackstone has invested in 7 Brew Coffee, an American drive-thru beverage company, through its Blackstone Growth and affiliated funds.

The undisclosed amount invested aims to fuel 7 Brew's expansion across the US, working alongside its top-tier franchise partners.

Since its inception in 2017 with the first outlet in Rogers, Arkansas, 7 Brew Coffee has been offering custom drinks, offering a selection of more than 20,000 combinations.

7 Brew CEO John Davidson stated: “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.”

Blackstone officials Todd Hirsch and Katie Storer said: “7 Brew’s impressive growth to date is a testament to its strong team and franchisee partnerships. We are excited to partner with this business that is redefining the out-of-home coffee experience, by marrying a personal, human-centric customer service experience with premium products and exceptional efficiency.”

In June 2023, 7 Brew Coffee expanded its presence in the US market by launching four new locations.

The new outlets, situated in Auburn, Alabama; San Antonio, Texas; Springdale, Arkansas and Traverse City, Michigan, are equipped with canopied double-lane drive-throughs.

Their opening marked a significant milestone for the company as it passed its 100th location.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close