Next-generation drive-thru beverage business 7 Brew Coffee will now be rapidly expanding across the U.S. thanks to a growth equity investment made by Blackstone and affiliated funds, according to a press release from Blackstone.

 

Todd Hirsch and Katie Storer of Blackstone made a statement acknowledging 7 Brew’s already impressive growth and how the business is “redefining the out-of-home coffee experience, by marrying a personal, human-centric customer service experience with premium products and exceptional efficiency.”

 

The immediate expansion plans reportedly include new stands in Colorado, Florida, Louisiana, New Mexico, Ohio, Tennessee, Virginia and Utah.

 

“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,” 7 Brew CEO John Davidson said. “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.”

 

Since 7 Brew began operating its first coffee “stand” in Rogers in 2017, the company has been committed to serving custom drinks (more than 20,000 different combinations) while cultivating kindness and joy with every drink. Today, it is a leading franchisor recognized as QSR Magazine’s “Breakout Brand of 2023.”

 

Terms of the transaction were not disclosed. Friday, Eldredge & Clark, LLP served as legal counsel to 7 Brew. Simpson Thacher & Bartlett LLP served as legal counsel to Blackstone.

 

For more information about 7 Brew, click here.

 

READ ALSO: Dave, Jenny Marrs Bring ‘Fixer to Fabulous’ to Italy!