PORTLAND, Ore. (KOIN) – Burgerville announced a new ownership deal with a group of local investors to help deepen its roots in the Pacific Northwest.
On May 3, the burger chain said the partnership includes Burgerville CEO Ed Casey and former Dutch Bros. CEO Joth Ricci, who will receive an ownership stake.
The Mears family, who founded Burgerville, will remain shareholders, the company announced.
“Burgerville’s mission has always been to serve our local communities with love, and in recent years, our strategy has been to prepare to grow across the Northwest,” Casey said. “To do that, the Mears family and I wanted to team up with local partners who share our values and vision for Burgerville – and that’s just what we found.”
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The company plans to open as many as 10 restaurants over the next year in the Pacific Northwest, including restaurants in Salem, Keizer, and Washington state. Burgerville will open its 40th restaurant in Wilsonville later in 2024.
“Burgerville was a pioneer in sustainability and local (products) long before those were industry buzzwords,” Ricci said. “I’m excited to be able to play a role in the next leg of the Burgerville journey.”
“The new investor group has deep ties to the Pacific Northwest and is committed to Burgerville’s mission of sustainability and premium quality,” Casey added. “Their commitment to the company and its values will ensure that Burgerville will remain the local, community-focused favorite that it’s always been.”
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