Blackstone announces growth investment in 7 Brew

Blackstone announced that Blackstone Growth and affiliated funds have made a growth equity investment in 7 Brew Coffee, which it calls “the next generation drive-thru beverage business.” Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners, Blackstone added. Terms of the transaction were not disclosed. Todd Hirsch and Katie Storer of Blackstone said, “7 Brew’s impressive growth to date is a testament to its strong team and franchisee partnerships. We are excited to partner with this business that is redefining the out-of-home coffee experience, by marrying a personal, human-centric customer service experience with premium products and exceptional efficiency.”