Eastern Bank Supports BostonbeaN Coffee's Transition to Employee Ownership

Financing includes term loan for ESOP and revolving line of credit for operations.

Published on Feb. 12, 2026

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Eastern Bank has provided financing to support the conversion of BostonbeaN Coffee Company, a leading provider of coffee and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company's ongoing working capital needs.

Why it matters

The transition to employee ownership reflects BostonbeaN's commitment to its employees, who have been central to the company's growth and success over the past 60 years. This move aims to recognize the contributions of the workforce and support the company's culture and future success.

The details

Founded more than 60 years ago, BostonbeaN delivers a range of workplace products from coffee and tea to healthy snacks and breakroom essentials to companies across the region. The financing from Eastern Bank will allow BostonbeaN to establish an ESOP and provide a revolving line of credit to support ongoing operations.

  • BostonbeaN was founded more than 60 years ago.
  • The financing from Eastern Bank was announced on February 12, 2026.

The players

Eastern Bank

A leading local bank in Greater Boston with over 125 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island.

BostonbeaN Coffee Company

A leading provider of coffee, pantry and breakroom solutions, founded more than 60 years ago and now transitioning to a 100% employee-owned company.

Peter Johnson

The owner of BostonbeaN Coffee Company.

Greg Buscone

The Executive Vice President and Chief Commercial Banking Officer of Eastern Bank.

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What they’re saying

“Employees have always been central to BostonbeaN's growth and success. Transitioning to 100% employee ownership is a meaningful way to recognize their contributions and support our company's success and culture well into the future.”

— Peter Johnson, Owner of BostonbeaN Coffee Company (Business Wire)

“BostonbeaN's decision to become employee-owned reflects a commitment to its business and rewarding the people who drive its success. We are pleased to support their ESOP transition and look forward to providing comprehensive banking services for their ongoing operations.”

— Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank (Business Wire)

What’s next

The financing from Eastern Bank will allow BostonbeaN to establish the ESOP and provide ongoing working capital support for the company's operations.

The takeaway

This transition to employee ownership demonstrates BostonbeaN's commitment to its workforce and desire to recognize their contributions to the company's success over the past six decades. It also highlights Eastern Bank's expertise in supporting ESOP conversions and providing comprehensive banking services to help businesses grow and thrive.