LINCOLN, RI -- Autocrat LLC, a family-operated coffee roaster founded in 1895 that serves the vending and OCS industries, has entered into a partnership with an investment group led by Trent Capital Partners and Argosy Private Equity.
Officials said the agreement will provide Autocrat with funds needed to accelerate an aggressive growth strategy. Terms of the deal were not disclosed.
Autocrat supplies vending and OCS operators with a wide range of roasted coffees, along with liquid coffee concentrate for on-demand systems. The New England roaster also produces extracts that flavor ice cream, iced-cappuccino drinks, ready-to-drink beverages and snacks.
Autocrat's coffee syrup, widely available at retail and in foodservice, is used to make the state drink of Rhode Island, coffee milk.