‘McDreamy’ group closes Tully’s deal, offers jobs to all workers
Jul 1, 2013, 2:56 PM | Updated: 3:16 pm
The investment group led by actor Patrick Dempsey has closed on the deal to buy Tully’s Coffee and offered jobs to all the company’s employees.
The $9.15 million acquisition closed just before midnight Sunday, The Seattle Times reported.
The “Grey’s Anatomy” star known as McDreamy and his group now officially own 48 Tully’s shops in Washington and California.
The group was the winning bidder in bankruptcy court and had hoped to close the deal in January. But the new investors needed to reach new agreements on leases, including 13 Tully’s coffee shops inside Boeing facilities.
Tully’s closed a number of unprofitable locations after filing for bankruptcy last October.
“Our team has done a great job operating the company through this process,” Tully’s CEO Scott Pearson said in a news release. “We are excited about the acquisition by Global Baristas and wish them all the best going forward.”
Dempsey and his group had promised to keep all of its workers after the acquisition. A company representative tells the Times nearly 500 employees will be getting offer letters soon.
The employees will reportedly get two additional vacation or personal days this year, in addition to maintaining the same job title with identical benefits. They’ll also keep all of their unused vacation and sick leave “as a special ‘Welcome’ and ‘Thank You’ for their dedication to the company.”
“Even though this is not inexpensive, it was something that Patrick and the company felt very strongly about doing,” the representative tells the Times.
