The Nice Kansas Metropolis Espresso Consolidation continues with the announcement that Messenger Coffee and The Roasterie will probably be becoming a member of forces below a newly-minted guardian firm, FairWave Holdings.
That is the second of such intra-city espresso mergers, following the acquisition of Quay Coffee by Thou Mayest final yr. Not like the earlier merger, although, the place the 2 corporations started working below the latter’s model, Messenger and The Roasteries will proceed as separate entities. The hope with this merger, per Fox 4 KC, is to create a “nationwide specialty espresso collective” that “will assist open extra cafes and use their now-bigger dimension to leverage extra enterprise alternatives.”
The brand new FairWave Holdings is majority owned by Midwest funding agency Great Range Capital, whose portfolio additionally contains Mountain Valley Spring Water (whose 220 TDS water makes a reasonably first rate 50/50 mixing element with purified water in case you are on the lookout for a simple option to make good brewing water. Simply sayin’). Nice Vary has put in as CEO over FairWave, Dan Trott, who has beforehand served as COO for Russell Stover Goodies.
“The explanation why we’re coming collectively, and believing…