Ed's Beans and Crazy Mocha
In the early 1990s, Ed Wethli shifted from a corporate career to leverage the sea change of how coffee lovers wanted to experience coffee – drinking it out instead of at home. He started with a few coffee shops in the Oakland section of Pittsburgh and quickly saw the need to balance his business with wholesale and consulting. He connected with First Commonwealth, who together partnered to provide coffee lovers everywhere with the Kiva Han brand.
One local beneficiary of Ed’s wholesale division was Pittsburgh-based Crazy Mocha, who also partnered with First Commonwealth to bring neighborhood coffee shops to corners throughout the city. So when the opportunity came in 2017 for Ed’s Beans to acquire Crazy Mocha, there was only one financial partner that made sense.
“It just made sense to work with First Commonwealth. They were the only bank that actually came out to our location, listened to our story, and sat down with us to talk. They took a personal interest in us and have been instrumental in our growth.”
Mark Woleslagle from our corporate banking division partnered Ed with Adam Huber, a member of our SBA division to provide the support needed for the acquisition. The acquisition of Crazy Mocha has meant a rapid expansion of Ed’s company, multiplying his employee base and his footprint. But it’s the exact type of growth Ed desires for his company and his community. And coffee lovers throughout the city will still have access to their favorite Crazy Mocha spot to enjoy the same familiar coffee.