Dutch Bros Acquires Clutch Coffee Bar

Dutch Bros to Acquire Phoenix East Valley Franchise (29 Shops)

May 12, 2026

Restaurants & Hospitality

Dutch Bros Inc. has entered into an agreement to acquire the Phoenix East Valley franchise from longtime owner Jim Thompson as Thompson retires. The deal is expected to close in the third quarter of 2026 and will expand Dutch Bros’ company-operated shop footprint in Arizona by adding 29 shops, subject to customary closing conditions.

Royal Cup Coffee and Tea Acquires Farmer Brothers Coffee Co.

March 13, 2026

Consumer Products

Royal Cup Coffee and Tea completed its all-cash acquisition of Farmer Brothers Coffee Co., acquiring all outstanding shares for $1.29 per share. The deal was approved by Farmer Brothers stockholders in a May 1 special meeting, and Farmer Brothers became a private company under Royal Cup leadership.

Gala Capital Acquires Dunn Brothers Coffee

July 1, 2022

Restaurants & Hospitality

Gala Capital, led by Anand Gala, acquired Dunn Brothers Coffee, a 59-unit, 100% franchised coffee chain founded in 1987. The deal closed in June with Gala Capital taking control July 1; Dunn Brothers' leadership, including President Kim Plahn, will remain in place as Gala plans to grow the brand via catering, third-party delivery, e-commerce and store expansion.

Charger Investment Partners Makes Growth Investment in Beans & Brews Coffeehouse

January 20, 2021

Restaurants & Hospitality

Charger Investment Partners completed a growth investment in B&B Coffeehouse (dba Beans & Brews) on December 31, 2020, partnering with founders Jeff and Kevin Laramie. The capital will support the Salt Lake City–founded coffeehouse and franchisor, which operates company-owned and franchise locations and wholesales roasted coffee across the Western United States.

Susquehanna Growth Equity Invests in Clutch

March 9, 2020

Cloud & SaaS

Clutch, the B2B ratings and reviews platform, received a significant minority growth investment from Susquehanna Growth Equity (SGE). Financial terms were not disclosed; SGE partner Scott Feldman will join Clutch’s board and Josh Elser will join as a board observer as Clutch looks to scale product, customer experience, and expand into new product categories.

Farmer Brothers Acquires Boyd Coffee Company

August 22, 2017

Food & Beverage

Farmer Brothers Co. has entered into an agreement to acquire substantially all the assets of Boyd Coffee Company in a transaction valued at an estimated $58.6 million (cash and preferred stock). The acquisition expands Farmer Brothers' distribution footprint across multiple customer channels and geographies, is expected to be accretive to earnings after integration, and should deliver $13–$16 million in annual incremental adjusted EBITDA once fully integrated.