Sunny Sky Products LLC, a New York-based private equity firm and a portfolio company of the Jordan Company LP, has purchased GoodWest Industries, a manufacturer and supplier of low-acid aseptic beverage services, from Palladium Equity Partners.
GoodWest Industries primarily sells shelf-stable and bag-in-box coffee creamers, cold brews and iced coffees. In conjunction with the sale of GoodWest, Palladium also retained the company’s Jordan Skinny Mixes division, a provider of zero-sugar coffee syrups and flavorings, cocktail mixes and other beverage enhancement products.
“In light of the company’s strong momentum and plans for further expansion, we believe GoodWest is at an attractive inflection point to transition ownership,” comments Caleb Clark, a partner at Palladium. “To that end, we believe Sunny Sky and The Jordan Company are the right next partners to build on GoodWest’s successful track record and take the business to its next level of growth.”
Kirkland & Ellis LLP acted as legal advisor to Sunny Sky. Greenberg Traurig LLP acted as legal advisor to GoodWest. Lincoln International acted as the financial advisor to GoodWest.