Dutch Bros Coffee Inc. has filed for a confidential initial public offering, the Oregon-based coffee chain said Tuesday.
The coffee chain, which has stores mainly in the western U.S., is backed by TSG Consumer Partners, the consumer-focused private-equity firm behind Duckhorn Portfolio Inc. /zigman2/quotes/225456824/composite NAPA -2.78% , the vintner that became public in March.
Other TSG names include Robinhood Markets Inc., which is reportedly readying its IPO in the next few weeks.
Dutch Bros was founded in 1992 by brother Dane and Travis Boersma, who started the company with one espresso pushcart in Grants Pass, Ore., according to the company’s website. The company has more than 400 locations, serving coffee drinks as well as smoothies, teas, and energy drinks.