Olympus Partners acquired G.E.T. Enterprises, a provider of dishware and drinkware to the foodservice industry. Financial terms were not disclosed. The G.E.T. acquisition is Olympus’ fifth investment out of its $2.3 billion sixth fund.
STAMFORD, Conn., Feb. 16, 2016 /PRNewswire/ — Stamford, Connecticut-based Olympus Partners has acquired G.E.T. Enterprises (“G.E.T.”), the leading provider of premium-quality, creative alternative tabletop solutions to the foodservice industry.
“G.E.T. is a market leading player in the evolving food service industry that provides its customers differentiated products with a clear path to continued growth,” said Mike Horgan, Partner at Olympus. “We look forward to working with the very talented management team lead by CEO Heidi Modaro to help support the growth of the company through continued investment in the business and through strategic acquisitions.”
“We are enthusiastic about the opportunity to partner with Olympus to continue to grow organically and to continue our acquisition strategy,” said Heidi Modaro, CEO of G.E.T. “I am confident that we will continue to provide value to our customers and build on the acquisition momentum from the past several years.”
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services, packaging and business services.
Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The G.E.T. acquisition is Olympus’ fifth investment out of its $2.3 billion sixth fund.
The Olympus team included Mike Horgan, Manu Bettegowda, Chase Ormond, and Sam Greenberg. Olympus was represented by Benjamin Clinger and Matthew Goulding from Kirkland & Ellis with debt financing provided by Antares Capital, Bank of Ireland, Varagon Capital, Rabobank and NewStar Financial.