Peter, obtained a BA from Colby College and an MA from Middlebury College. He also attended at Harvard Business School and received an MBA degree in 1985. 1992, Peter co-founded Keurig, Inc., a beverage brewing system for home and commercial use. Peter and Sylvan developed a new kind of coffee maker for the company, which was well-received by customers. According to "Boston.com", "one out of every four home coffee makers sold in the United States was a Keurig". In 1997, Peter left the company and decided to keep his stakes. In 2014, Keurig, Inc. was acquired by "JAB Holding Company" for nearly $14 billion.