TSG-backed Stumptown to Be Acquired by Peet's Coffee & Tea
October 08, 2015
Stumptown Coffee Roasters, a portfolio company of TSG Consumer Partners, has entered into an agreement to be acquired by Peet's Coffee & Tea. Founded in 1999, Stumptown is a premium coffee roaster and retailer, operating 10 stores across Portland, Seattle, New York and Los Angeles. The company will continue to operate independently, while having full access to Peet's resources and scale. Peet's will continue to pursue its own growth strategy, operating as it has across its retail cafes, wholesale and grocery channels. TSG has backed Stumptown since 2011.