Stumptown will become a wholly owned subsidiary of Peet's Coffee.
But it should come as no surprise. The Wall Street Journal had already reported this May that Stumptown and its current owners were mulling a sale.
When Willamette Week broke news of Stumptown's sale in 2011 to majority partner TSG Investments, a San Francisco investment firm, we also noted that TSG had a very specific business plan.
"TSG takes consumer products and service companies with recognizable brands," wrote Ruth Brown in 2011, "increases their value and then sells the companies, usually within five to seven years."
By that token, Stumptown's actually a little ahead of schedule.
Peet's president Dave Burwick told the Wall Street Journal that Peet's stake would be 100%—meaning that company founder Duane Sorenson has also divested the rest of his original stake.
All three restaurants are within twenty blocks of the original Stumptown location. His first, the Woodsman Tavern, opened within months of the Stumptown sale.