NEW YORK and WARMINSTER, PA – August, 24, 2015 — Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.0 billion in assets under management, today announced that one of its affiliated private equity funds has made a significant investment in partnership with management of GoodWest Industries, Inc., one of the leading providers of foodservice dispensing solutions.
Headquartered in Warminster, PA, GoodWest manufacturers shelf-stable, 100% natural, products that require no refrigeration until opening, including coffee creamer, iced coffee, liquid sugar, and Tasty Shots. The Company serves customers in all 50 states and 12 countries.
“We chose to partner with Palladium because of their experience in working with and growing founder-owned companies,” said Bill Goodwin, Chief Executive Officer of GoodWest.
Jim West, President of GoodWest, added, “We are excited to partner with Palladium to continue to build and develop GoodWest as we seek to expand into new markets and develop additional product offerings to serve our current customers and win new ones.”
“We believe GoodWest offers compelling dispensing foodservice solutions,” said Caleb Clark, a Vice President of Palladium. “My partners and I look forward to supporting Bill, Jim and the GoodWest team to continue the Company’s track record of growth through product innovation and penetration of new end markets.”
Terms of the investment were not disclosed. Fairmount Partners advised GoodWest in the transaction.
About GoodWest Industries, Inc.
GoodWest is one of the leading providers of foodservice dispensing solutions. The Company’s products are shelf-stable, 100% natural and require no refrigeration until opening. These products are dispensed through high end dispensing equipment manufactured by the Company at its Warminster, PA headquarters. For additional information, please visit www.goodwest.com.
About Palladium Equity Partners, LLC
Palladium is a middle market private equity firm with over $2.0 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $1.0 billion of capital in more than 20 platform investments and over 50 add-on acquisitions. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. The principals of the firm have significant experience in financial services, business services, food, healthcare, industrial and media businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. Palladium is based in New York City. For more information, visit www.palladiumequity.com.
About Fairmount Partners
Fairmount Partners is one of the largest independent investment banking firms in the Mid- Atlantic region. The firm specializes in advising middle-market growth companies with mergers and acquisitions, capital raising, and strategic advice. Key clients operate across the Industrial and Consumer Products, Healthcare Services and Technology, Information Technology Services and Technology and Software end markets. www.fairmountpartners.com.
Principals of Fairmount Partners acted as advisors to GoodWest in this transaction.