Coffee · 9+ locations · Portland, NYC, LA, Kyoto
Stumptown helped invent direct-trade specialty coffee in Portland. It's now three owners removed from its founder: private equity, then Peet's, then Keurig Dr Pepper. Its 25-year-old original location is closing.
The Big Picture
Stumptown helped invent direct-trade specialty coffee, but the company is now three owners removed from its founder: private equity in 2011, Peet's in 2015, and Keurig Dr Pepper as of April 2026. Founder Duane Sorenson has moved on to a new Portland independent, and the 25-year-old Belmont Street original is closing. What remains is a pioneering brand name operating inside one of the world's largest beverage conglomerates.
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Company data last updated July 2026
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