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$25M investment aids HopCat expansion efforts

Courtesy image

About a year after opening its first out-of-state location, Grand Rapids-based HopCat plans to open 30 more. 

Mark Sellers is the owner of HopCat parent company Barfly Ventures. He tells the Grand Rapids Press a $25 million investment allows HopCat to open six new locations a year for the next five years. That’s in addition to its current six locations, including recent openings in Detroit, Ann Arbor and Madison, Wisconsin.

The Press reports the deal includes a less than 5 percent ownership stake for the undisclosed Dallas-based capital lender.

Sellers says they’re looking for Midwest markets with a college presence.

HopCat, which is known for its expansive line-up of craft and local brews, first opened in Grand Rapids in 2008.

Barfly Ventures is also the parent company of McFadden’s, Stella’s Lounge and the Grand Rapids Brewing Company.

Hilary is a General Assignment and Enterprise reporter for WGVU Public Media. She joined WGVU in September 2014 after several years of experience as a local news reporter, anchor and photojournalist in Midland, Saginaw and Bay counties. She's also worked as a financial and business reporter and audio field producer.
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