Franchise Equity Partners acquires majority stake in 7 Crew, 2nd largest franchisee in 7 Brew Drive-Thru Coffee. Terms undisclosed. FEP to continue development agreement with plans to open 200+ stands in TX, FL, OK, NM, in addition to current 50 in operation.

7 Brew, fastest-growing chain in Technomic’s Top 500 in 2024 with 163% sales growth, 78.3% unit growth, ending year with 321 locations. FEP sees alignment with strategy of investing in outstanding operators of category-defining brands.

Existing investors Masked Rider Capital and Red Sky Holdings retain significant equity stakes as 7 Brew enters next phase of growth under FEP’s ownership. Previous investments from Blackstone Growth and Orangewood Partners have fueled chain’s expansion.

Read more at Yahoo Finance: Franchise Equity Partners acquires major 7 Brew franchisee