TORONTO Sun Capital Partners Inc., the private-equity firm with a taste for restaurant acquisitions, today said it had purchased the parent of the Timothy’s World Coffee chain for an undisclosed sum.
Toronto-based Timothy’s Coffees of the World Inc. operates 50 coffeehouses in the United States and 116 branches elsewhere in the world. The company also is a distributor of single-serve coffee and tea products.
Anthony Polazzi, vice president of Boca Raton-based Sun Capital, said the acquisition "represents an exciting opportunity to invest in the retail and wholesale coffee segments, a rapidly growing area of the food and beverage industry."
Sun Capital owns all or a part of 35 restaurant companies, including Boston Market Corp., Bruegger’s Enterprises, Fazoli’s Restaurants, Friendly Ice Cream Corp., Garden Fresh Restaurant Corp., Real Mex Restaurants, Restaurants Unlimited and Souper Salad. Its other investments include stakes in Chrysler Holdings, Dale and Thomas Popcorn, Hickory Farms and The Limited.