June 7th, 2011 | by RUTH BROWN News | Posted In: Business

Second Source Confirms Stumptown Buyout

metropolisphoto by freshandfoodie on Flickr
Another coffee industry executive has come forward to confirm Stumptown Coffee's sale to investment firm TSG Consumer Partners.

Tony Dreyfuss, co-owner of Chicago’s Metropolis Coffee Company, told WW that he was also approached by TSG in early May, and he also was told that the investment firm owns a controlling stake of Stumptown.

They mentioned that they had an ownership stake in Stumptown,” Dreyfuss says.

“They said the way they work is that they purchase a 90 percent stake in companies. My father, who is [Metropolis’s] co-owner, asked outright whether they owned a 90 percent stake of Stumptown, and they responded, ‘Let’s just say that it fits the profile.'”
 
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