Date
Sep 2019
Region
Massachusetts
We are pleased to announce the sale of our client, Mirasol's Café, to Shorepoint Capital Partners, LLC. The acquisition closed September 12, 2019 and details were not disclosed.
Located in Dartmouth, MA, Mirasol's Café is a Latin-inspired café serving coffee, soups, sandwiches and freshly-baked goods. The Café is well-known for serving their signature drink, the CHiPPi — a unique highly-caffeinated iced coffee that’s only served at this location.
Shorepoint Capital Partners, located in Norwood, MA, is a privately owned, fee-only, registered investment advisor that provides customized wealth planning and investment management services to high-net-worth individuals and families, institutions, small businesses, and retirement plans.
Luis Raposo, Co-Founder and Chief Investment Officer of Shorepoint Capital Partners will lead the new venture. Richard A. Romero, founder of Mirasol’s Café, will remain to help grow the brand, develop marketing initiatives, focus on product development and seek future locations to develop into cafes. Romero and his family have run and operated Mirasol’s Café at the same location since 2006.
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Senior Vice President, Ahmad Behjati, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Mirasol's Café.
According to Behjati, “This transaction has been a win-win situation for all parties, especially for coffee lovers. I am looking forward to my next CHiPPi coffee at Mirasol’s Café’s new locations.”
If you’d like to learn more about our experience supporting clients in this industry, visit our dedicated Food & Beverage page.
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