US investment firm acquires Timothy’s chain

30th March 2008

American investment concern Sun Capital Partners in late March said that it was acquiring Toronto-based Timothy’s Coffees of the World, which operates and franchises166 outlets in Canada and the US.

While the details of the transaction were not disclosed, Becky and Ian McKinnon, respectively Timothy’s executive chairman and president, said that they planned to continue to serve as consultants while company was moving to new leadership.