☕ 🚀 Exciting News! 🚀 ☕
Blackstone (NYSE:BX) announced on Wednesday its growth equity investment in 7 Brew Coffee, the innovative drive-thru beverage business reshaping the coffee landscape. With the rapid proliferation of coffee chains like Dutch Brothers, Scooters, and Starbucks, 7 Brew stands out for its commitment to personalized drinks (offering over 20,000 combinations) and fostering joy with every sip.
Since its inception in 2017 with a humble stand in Rogers, Arkansas, 7 Brew has captured hearts with its unique approach. Today, it stands as a leading franchisor, recognized as QSR Magazine's "Breakout Brand of 2023."
John Davidson, CEO of 7 Brew, expressed excitement about the partnership with Blackstone, emphasizing their shared vision and Blackstone's global resources to fuel expansion. Todd Hirsch and Katie Storer of Blackstone highlighted 7 Brew's exceptional growth and its redefinition of the coffee experience.
Brian Cornyn of Blackstone underscored the thematic focus on investing in strong franchise businesses, showcasing confidence in 7 Brew's potential for exponential growth.
Jimmy John Liautaud, Founder of Jimmy John’s Sandwiches and a selling shareholder in this transaction, expressed pride in contributing to 7 Brew's franchising journey, confident in the Brew Crew, management, and Blackstone's ability to drive success.
While the terms of the transaction remain undisclosed, it marks a significant milestone for 7 Brew's journey. Legal counsel was provided by Friday, Eldredge & Clark, LLP for 7 Brew, and Simpson Thacher & Bartlett LLP for Blackstone.
About 7 Brew:
7 Brew is revolutionizing the drive-thru coffee experience, offering espresso-based coffee, chillers, teas, infused energy drinks, sodas, and more, all served with an extra dose of kindness. From its inception with seven original coffees in Rogers, AR, 7 Brew has expanded to over 190 stands nationwide, making mornings brighter, one cup at a time.
About Blackstone:
Blackstone, the world’s largest alternative asset manager, is committed to delivering compelling returns by strengthening the companies in which it invests. With over $1 trillion in assets under management, Blackstone's global investment strategies span real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.
What do YOU think? With the massive growth of companies like Starbucks, Scooters, 7 Brew, and Dutch Brothers, is there as much room for continued growth as we think?
If you haven’t tried Marco’s Pizza, make today the day! Franchise Territories Available Download the Marco’s App today and become a valued loyalty member.
4moAmazing partner and person.