TSG Consumer Partners Completes Sale Of Stumptown Coffee Roasters To Peet's Coffee & Tea
San Francisco, November 19, 2015 -- TSG Consumer Partners, a leading investment firm focused exclusively on the branded consumer sector, today announced that it has completed its sale of Stumptown Coffee Roasters to Peet’s Coffee & Tea.
“As an innovative leader in third wave and ready-to-drink cold brew coffee, Stumptown’s product quality and brand appeal have led to tremendous growth over the past five years,” said Jamie O'Hara, President of TSG. “We are grateful for the opportunity to work with Stumptown’s passionate founder, Duane Sorenson, and the management team led by President Joth Ricci and to be part of the Company’s journey. We look forward to watching them continue to flourish in the future.”
Stumptown will continue to operate independently while having full access to Peet’s resources and scale. Terms of the transaction were not disclosed.
William Blair & Company, L.L.C. served as financial advisor to Stumptown, and Sidley Austin LLP served as its legal counsel. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel for Peet’s Coffee & Tea.