Boundless Enterprises (“Boundless” or “Company”), the owner of Scooter’s Coffee, announced today that it has partnered with McCarthy Capital Fund VI (” McCarthy Capital”) to continue its rapid growth. McCarthy Capital manages more than $1 billion of investment capital across its portfolio and specializes in growing businesses in partnership with strong management teams.
Headquartered in Omaha, Boundless operates and franchises more than 180 Scooter’s Coffee stores nationwide. The Company roasts 100% shade-grown coffee from the top 5% of specialty coffee beans in the world to produce its high-quality specialty coffee drinks.
Because of the significant opportunity to expand, Boundless has been investing in its people and infrastructure to foster and support franchise network growth. In mid-2018, Boundless will move into a much larger facility, which will dramatically increase its roasting and distribution capacity. The Company is actively seeking new franchisees to open locations in the Midwest and in select markets across the United States.
“We are excited to partner with McCarthy Capital because of their shared vision, aligned values and focus on growth,” said Boundless CEO Todd Graeve. “We look forward to this next stage of growth at Scooter’s Coffee and are actively seeking entrepreneurs to become franchisees in the Midwest and nationally who have interest in participating in our march to 1,000 stores.”
A portion of McCarthy Capital’s investment will be used to fuel this expansion. “Scooter’s Coffee is known for offering high-quality products through its network of drive-thru kiosks and coffeehouses,” said Matt Breunsbach, Vice President at McCarthy Capital. “We plan to accelerate growth and build on the impressive track record of Scooter’s Coffee.”
Don and Linda Eckles founded Scooter’s Coffee in 1998 and have since stayed true to their core beliefs: find a great location and stay committed to high-quality drinks, great people, speed of service, a clean store and a big smile. Don Eckles will remain involved with Boundless and serve as chairman of the board of directors. “After building up a solid foundation to support our rapid growth over the last few years, we are thrilled for the opportunity to continue to grow Scooter’s Coffee with the help of McCarthy Capital,” said Don Eckles. “We chose McCarthy Capital because of their expertise, track record and reputation of high integrity. We believe we have taken a major step to bolster the Company’s long-term prospects for continued growth for its franchisees, investors and employees.”
“We are excited to partner with Don Eckles, Todd Graeve and the rest of the management team. We look forward to working together to expand the reach of the Scooter’s Coffee brand,” said McCarthy Capital President and Managing Partner Patrick Duffy.
About McCarthy Capital
McCarthy Capital Fund VI is managed by McCarthy Partners Management, LLC, a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For more than 30 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit http://www.mccarthycapital.com.
About Boundless Enterprises and Scooter’s Coffee
Boundless Enterprises is the parent company of Scooter’s Coffee and Harvest Roasting, two of the largest and fastest growing brands in the specialty coffee business. Using only the very best products in the world, Scooter’s Coffee roasts only the finest coffee beans in the world at its headquarters in Omaha, Nebraska. In nearly two decades of business, Scooter’s Coffee’s success is simple: stay committed to the original business principles and company core values. Scooter’s Coffee’s pledge to source shade-grown coffee to protect the rainforests reaffirms its commitment to contribute to a “chain of good” at home and abroad. The Scooter’s Coffee Brand Promise, often recited to franchisees, customers, and employees is: “Amazing People, Amazing Drinks… Amazingly Fast!”™ It represents the company’s business origins from 1998 and reflects a steady commitment to providing an unforgettable experience to loyal and new customers. For more information about Scooter’s Coffee, please visit scooterscoffee.com.
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