Private equity company Liverpool Partners has bought a controlling interest in Sydney specialty roaster Seven Miles Coffee, expanding its beverages investments.
Announcing the deal on its LinkedIn channel – and without disclosing financial information – Seven Miles Coffee said Liverpool is focused on building long-term sustainable growth and creating value in businesses it partners with. Founder Andy Simpkin will remain a shareholder and director after the acquisition.
The company has local roasting facilities in Brisbane and Canberra and ships products Australia wide. A week ago it launched ready-to-drink canned cold brew coffee blends in Nitro and Still variants.
Liverpool has a substantial interest in Australian Beverage Corporation, one of the country’s largest coffee equipment and service providers which Seven Miles said would “enable us to access best-in-class equipment, knowledge, technical and data services as well as the top talent in the coffee solutions category”.
The deal also brings two more brands under the Seven Miles umbrella – Delano Specialty Coffee and Abstract Coffee Roasters out of Wollongong.
About a month ago Sveen Miles purchased an Orange-based boutique coffee roaster, Bill’s Beans – described as a prominent part of the Central NSW coffee scene for more than 13 years – increasing its footprint in regional NSW with an additional 100 cafe customers. Along with that deal came Bill’s Beans’ other brands, Orange Roasting Co, Caffeine Collective, and Remy & Max, a directly sourced specialty tea brand.