American City Business Journals:
Sun Capital Partners said one of its affiliates has acquired Timothy’s Coffees of the World for an undisclosed price.
Toronto-based Timothy’s is an operator and franchisor of a retail chain of 166 stores under its Timothy’s World Coffee, mmmuffins, and Michel’s Baguette brands. Roughly 70% of those are located in Ontario. It is also a wholesale distributor of single-serve coffee and tea products. Terms of the acquisition were not disclosed.
Sun Capital is Boca Raton-based private investment firm.
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