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Philz Coffee Partners with Freeman Spogli for Growth and Expansion
ByAinvest
Monday, Aug 4, 2025 12:51 pm ET1min read
Philz Coffee, a specialty coffee brand with 77 cafes across California and Chicago, has been acquired by Freeman Spogli, a strategic growth investor in the consumer services and multi-unit industries. Philz will continue to be led by CEO Mahesh Sadarangani and the existing leadership team, with a focus on expanding while staying true to its roots and mission. The acquisition is expected to close on August 6, 2025.
Philz Coffee, a well-known specialty coffee brand with 77 cafes across California and Chicago, has been acquired by Freeman Spogli, a strategic growth investor in the consumer services and multi-unit industries. The transaction is expected to close on August 6, 2025 [1].The acquisition will see Philz continue to be led by CEO Mahesh Sadarangani and the existing leadership team. The company plans to expand while staying true to its roots and mission of delivering a high-quality, personalized coffee experience. Freeman Spogli's deep experience in the consumer and restaurant sectors is expected to help Philz accelerate its growth [1].
Philz Coffee was founded in 2003 in San Francisco by Phil Jaber and his son Jacob. Over two decades, the Jabers built a business centered on quality products and personal connection. The company's reputation for exceptional coffee quality is upheld through its local roasting facility in Oakland, California [1].
Freeman Spogli has been partnering with leading consumer brands since 1983. With over four decades of successful investment experience, the firm has helped support and scale businesses such as Boot Barn (NYSE: BOOT), El Pollo Loco (NASDAQ: LOCO), First Watch (NASDAQ: FWRG), Floor & Decor (NYSE: FND), and Popeyes Chicken [1].
The acquisition of Philz Coffee by Freeman Spogli is a significant move in the growing specialty coffee market. Philz's distinctive, handcrafted coffee offerings and strong customer base position it well for continued success and expansion. The deal underscores Freeman Spogli's commitment to preserving and building upon Philz' rich heritage while delivering the unique, authentic coffee experience that makes the brand special [1].
References:
[1] https://www.prnewswire.com/news-releases/philz-coffee-partners-with-freeman-spogli-for-next-phase-of-growth-302520869.html
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