M-One Capital Completed Recapitalization of Scooter's Coffee
The Omaha-based firm increased its ownership of the coffee chain to support future growth and expansion strategies.
Updated on Oct. 1, 2026 in Coffee
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M-One Capital has finalized a recapitalization of Scooter's Coffee using a single-asset continuation vehicle. This strategic move follows the coffee company's inaugural whole business securitization conducted earlier in 2026.
Why it matters
These financial transactions are designed to strengthen the capital structure and improve liquidity for the brand. The moves are expected to facilitate further unit expansion and strategic investments for the Omaha-founded coffee chain.
Scooter's Coffee maintains a footprint of 930 locations across 32 states. The company has achieved nine consecutive years of positive traffic growth.
The players
M-One Capital
This Omaha-based investment firm, formerly known as McCarthy Capital, focuses on long-term capital partnerships.
Scooter's Coffee
Founded in 1998, this national coffee chain operates over 900 drive-thru locations.
Lazard
This global financial advisory and asset management firm provided exclusive advisory services for the transaction.
The details
The recapitalization effort was supported by Lazard, which served as the exclusive financial advisor for the transaction. M-One Capital, formerly known as McCarthy Capital until its 2025 rebrand, has maintained a partnership with the coffee operator since 2018.
Timeline
Scooter's Coffee was founded in 1998.
M-One Capital began its partnership with Scooter's Coffee in 2018.
McCarthy Capital rebranded to M-One Capital in 2025.
M-One Capital completed the recapitalization on October 1, 2026.
Culture Shift
The use of continuation vehicles reflects a broader trend in private equity toward holding high-performing assets for longer periods. This approach allows firms to provide liquidity to initial investors while maintaining ownership of growing brands.
While the financial restructuring does not immediately change menu prices, it supports the company's ability to maintain its expansion pace. Regular customers may see more locations opening as the brand utilizes the enhanced liquidity for future growth.
The takeaway
The recapitalization highlights the continued growth of the drive-thru coffee segment as a target for major capital investment. These financial maneuvers ensure that established brands have the resources to scale operations in a competitive retail environment.
Further reading
Learn more about the local industry landscape on our Coffee section.
More information
Read more about the investment firm through the M-One Capital corporate information portal.
Source note: This article includes information reported by The Manila times.
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