Bay Area BizTalk Bay Area BizTalk Stumptown, Peet's seal coffee deal Nov 19, 2015, 10:21am PST Andy Giegerich Digital Managing Editor Portland Business Journal Business Pulse Stumptown Coffee Roasters and Peet's Coffee & Tea completed the Stumptown sale early this morning. Terms of the sale, announced last month, weren't disclosed. Enlarge Stumptown Coffee Roasters is now, officially, the property of Peet's. unknown TSG Consumer Partners, the investment firm that held some 90 percent of Stumptown, announced the agreement. The arrangement allows Stumptown to "continue to operate independently while having full access to Peet’s resources and scale." In a statement trumpeting the agreement, TSG President Jamie O'Hara noted that Stumptown's packaged cold brew coffee have helped the brand grow over the past few years. “We are grateful for the opportunity to work with Stumptown’s passionate founder, Duane Sorenson, and the management team led by President Joth Ricci and to be part of the company’s journey," O'Hara wrote. "We look forward to watching them continue to flourish in the future.” William Blair & Co. LLC served as financial adviser to Stumptown while Sidley Austin LLP served as its legal counsel. Skadden, Arps, Slate, Meagher & Flom LLP served as Peet's legal counsel. Stumptown was founded in 1999 and operates 10 retail cafes in Portland, Seattle, New York and Los Angeles. Andy is the Portland Business Journal’s digital managing editor, overseeing the daily digital news operation.