sa¹ú¼Ê´«Ã½

Skip to content
Join our Newsletter

Aegis Brands selling Bridgehead coffee business to Pilot Coffee Roasters for $3.5M

TORONTO — Aegis Brands Inc. has signed a deal to sell its Bridgehead coffee business to Pilot Coffee Roasters for $3.5 million. In addition to Bridgehead, Aegis Brands owns and operates St. Louis Bar and Grill and Wing City by St. Louis.
20240129090124-a1ae9c6700d0db669e4492279bad41340ba9d39643fb93f627de6ff90a3c3aef
Aegis Brands Inc. has signed a deal to sell its Bridgehead coffee house business to Pilot Coffee Roasters for $3.5 million. A sign hangs outside a Bridgehead cafe in Ottawa, Tuesday Sept. 1, 2020. THE CANADIAN PRESS/Adrian Wyld

TORONTO — Aegis Brands Inc. has signed a deal to sell its Bridgehead coffee business to Pilot Coffee Roasters for $3.5 million.

In addition to Bridgehead, Aegis Brands owns and operates St. Louis Bar and Grill and Wing City by St. Louis.

Aegis Brands chief executive Steven Pelton says the sale allows the company to build on the momentum of the St. Louis brand. 

Toronto-based Pilot Coffee Roasters is a specialty coffee roaster, online retailer, wholesaler and café operator.

The sale is expected to close in the first quarter of 2024. 

Aegis says proceeds from the deal will be used to reduce debt and for general working capital purposes.

This report by The Canadian Press was first published Jan. 29, 2024.

Companies in this story: (TSX:AEG)

The Canadian Press