M&A Deal Summary

Sunny Sky Products Acquires GoodWest

On October 13, 2022, Sunny Sky Products acquired beverage company GoodWest from Palladium Equity Partners

Acquisition Highlights
  • This is Sunny Sky Products’ 3rd transaction in the Beverages sector.
  • This is Sunny Sky Products’ 3rd transaction in the United States.
  • This is Sunny Sky Products’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2022-10-13
Target GoodWest
Sector Beverages
Buyer(s) Sunny Sky Products
Sellers(s) Palladium Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)
GreenbergTraurig (Legal)

Target

GoodWest

Douglassville, Pennsylvania, United States
GoodWest is a manufacturer and supplier of aseptic beverages and food service dispensing solutions, primarily selling shelf-stable, bulk, bag-in-box coffee creamer, and iced coffee. GoodWest was founded in 1994 and is based in Douglassville, Pennsylvania.

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Buyer(S) 1

Buyer

Sunny Sky Products

Houston, Texas, United States

Category Company
Founded 2002
Sector Beverages
DESCRIPTION

Sunny Sky Products is an integrated manufacturer and distributor of beverage concentrates and related products that are offered for sale at foodservice venues, including convenience stores, restaurants, and institutions. Sunny Sky Products was founded in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Beverages) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 AMFOTEK

Tinley Park, Illinois, United States

America's Food Technologies, Inc. is a developer and manufacturer of dispensed beverages – with specialization in powder-based products, including hot chocolates, cappuccinos, smoothies, teas, and lemonades. AMFOTEK is based in Tinley Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Bevolution Group

Chicago, Illinois, United States

Bevolution Group is a manufacturer and supplier of innovative beverage solutions, primarily selling clean label and preservative free smoothie bases, bar and cocktail mixes, juices, concentrates and other related beverage products into the foodservice channel. Bevolution Group was founded in 2015 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 23 of 26
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Pennsylvania) 2 of 2
Country (United States) 23 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Second Nature Brands

Madison Heights, Michigan, United States

Second Nature Brands is a creator of snacks and treats that make lives better, naturally. By investing in new product development, thoughtful ingredient sourcing, and innovative business processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its growing family of brands, Kar's Nuts, Second Nature Snacks, and Sanders Chocolates, Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence. Second Nature Brands is based in Madison Heights, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Superior Environmental Solutions

Cincinnati, Ohio, United States

Superior Environmental Solutions (SES) is a provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. Superior Environmental Solutions was founded in 1999 and is based in Cincinnati, Ohio.

Buy -