A non-public funding agency led by the previous chairman of Canada’s Kicking Horse Espresso made an undisclosed funding in Honolulu-based Hawaii Espresso Firm, one of many largest espresso roasting and packaging corporations within the state of Hawaii.
The deal represents the primary acquisition made by the agency Sojourner Client Companions, which was co-founded by Rob DesMarais, the previous Kicking Horse Chair who helped lead the corporate’s North American sale to Lavazza in 2017.
The Hawaii Espresso Firm acquisition concerned participation from Los Angeles-based holding and actual property firm Anderson Holdings. With the deal comes the launch of SoJoe Espresso, a brand new holding firm and funding platform targeted on the packaged espresso sector.
“SoJoe Coffee represents a holding firm which is actively searching for partnerships and acquisitions with high-potential packaged and ready-to-drink coffee corporations based mostly in North America,” Sojourner stated in an announcement of the acquisition.
Hawaii Espresso Firm at the moment includes 4 sibling manufacturers. In 2000, Lion Espresso and Aloha Royal Kona Espresso merged to type the Hawaii Espresso Firm. The merged firm launched a tea model in 2004 known as Hawaiian Islands Tea, then partnered with chef Alan Wong in 2013 to launch one other espresso model, Royal Hawaiian.
In response to the announcement from Sojourner, the corporate will proceed to function as Hawaii Coffee Firm whereas sustaining milling, roasting, cafe and workplace amenities all through the state. In its acquisition announcement, Sojourner notably described Hawaii Espresso Firm as “a pioneer of flavored coffee in Japan.”
Feedback? Questions? Information to share? Contact DCN’s editors right here.
Associated Posts
