Steaming hot news coming out of Atlanta today as Eater reports that Revelator Coffee Company is acquiring Octane Coffee Company. There have been unconfirmed rumblings in the Southeastern coffee scene about the purchase, but no official reports have surfaced until now.
According to Eater:
Terms of the sale were not disclosed, but Diane and Tony Riffel, the wife-and-husband team behind Octane, will have some stake in Revelator’s success going forward. The Riffels will serve as advisors for an as-of-yet-undetermined amount of time as the two companies transition into one. In the short term, the Octane brand will remain in existence. Owen expects Octane cafes to rebrand under the Revelator name and serve Revelator products “in the next year, year and a half.”
The six Octane coffee bars will join the existing eight Revelators across the southeastern United States. Eater notes that “Revelator will operate 17 cafes (15 across the Southeast and two more in Massachusetts after recently acquiring Boston-based Wired Puppy Specialty Coffee & Tea).” According to the article, Revelator will also use the acquisition as a chance to “fold Octane’s beer, wine, and cocktails to its business model.”
More information about the purchase can be found here.
This story is developing…
Zac Cadwalader is the news editor at Sprudge Media Network.
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