Back to Insights

The Seattle Times: ‘A dream come true’: Original players rescue hipster chain Rudy’s Barbershop from bankruptcy

Rudy’s co-founder Wade Weigel, left; Teddy Albertson and Butch Bannon of investment firm Sortis Holdings; and Rudy’s executive David Petersen gather for a portrait at the Ballard location. The barbershops, now returned… (Photo credit: Alan Berner / The Seattle Times)

From The Seattle Times.
Read the original article: CLICK HERE

Over the last 27 years, Rudy’s Barbershop has grown from one shop in Capitol Hill (Seattle) into a small empire of barbershops. After fearing losing their business forever in a bankruptcy fight, Rudy’s executives David Petersen and Wade Weigel finally have their company back. 
Sortis is proud to announce the acquisition of Rudy’s Barbershop, bringing ownership back to the Pacific Northwest. Sortis’ Butch Bannon and Teddy Albertson see the acquisition as the start of a strategic partnership, joining forces to weather the impact of COVID-19, using this moment to strengthen operations and prepare for reopening stronger than before. 

On behalf of Sortis, thank you to the entire Rudy’s Barbershop team. While all Rudy’s locations remain closed for the duration of the shutdown, we are preparing to reopen with clear safety protocol that will protect our team members and every guest that walks through the door. 

Read on the Portland Business Journal