Dutch Bros Inc. BROS

Dutch Bros Coffee is a chain of drive-thru and online outlets that sell a variety of hot and cold beverages. The company was founded by two Dutch-descended brothers, Dane Boersma and Travis Boersma, in 1992. Dutch Bros Coffee is headquartered in Grants Pass, Oregon and operates locally in the United States through approximately 400 locations.

The Boersma brothers initiated the company by selling espresso from a pushcart after the downscaling of the family dairy farm. By 1996, Dutch Bros Coffee owned six drive-thru outlets and began to franchise. As of 2021, the company has a chain of franchises and online stores in Oregon, California, Washington, New Mexico, Idaho, Nevada, Colorado, Utah, and Arizona. The menu includes coffees, teas, smoothies, energy drinks, carbonated drinks, and lemonade. The Dutch Bros Coffee online stores also sell a complete line of branded drink bottles.

Backed by TSG Consumer Partners, a private equity enterprise, the company launched its IPO, valued at approximately $4bn, on 14th September 2021. TSG Consumer Partners first invested in Dutch Bros Coffee in 2018 with the goal to grow the business and have 800 established outlets by 2023. Dutch Bros Coffee offered 21.1 million shares at $23 per share, raising $484 million with its IPO. The company trades on the NASDAQ under the BROS ticker.

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