NEW YORK, Aug. 24, 2016—Goode Partners LLC, the New York-based private equity firm, announced that it made a strategic growth investment in Silver Diner, Inc., operator of the successful Silver Diner, Silver Diner Airport and Silver restaurants that bring an innovative menu to the classic American diner. The investment will help fund the company’s geographic expansion and accelerate growth.
“We are delighted to be partnering with Robert Giaimo and Ype Von Hengst, the founders of Silver Diner,” said Joe Ferreira, co-founder and partner of Goode Partners. “Robert, Ype and the company’s management team have done a phenomenal job reinventing the diner experience through menu innovation and better-for-you menu options, while building a culture that is passionate about exceeding customer expectations. We look forward to working with this outstanding team and providing the added resources to help accelerate the company’s growth.”
Robert Giaimo, co-founder and CEO of Silver Diner said, “Goode Partners provides us with both capital and extensive experience in the restaurant industry. This partnership will allow us to expand Silver Diner’s reach in both new and existing markets and provide outstanding career opportunities for our current and future associates as we grow.”
“We are very excited about this partnership and what it means for our ability to bring more locally sourced and Flexitarian options to more customers as we grow and continue to innovate,” said Ype Von Hengst, co-founder and executive chef of Silver Diner, “Goode Partners’ experience in growing companies, along with their invested capital, will help us achieve this.”
Headquartered in Rockville, Maryland, the company owns and operates 15 total locations through two related concepts based on the classic American diner. Founded in 1989, the company has transformed its Silver Diner concept to bring customers a high quality farm-to-table dining experience in the classic American diner setting. The company currently operates 13 Silver Diner restaurants across New Jersey, Maryland and Virginia and one Silver Diner Airport at BWI. In addition to the Silver Diner concept, the company opened its first Silver restaurant in September 2015 in order to bring more densely populated metropolitan markets a more refined interpretation of the diner setting and menu.
About Goode PartnersGoode Partners LLC is a New York-based private equity firm that focuses exclusively on investment opportunities in the retail, restaurant, apparel, direct marketing and branded consumer products sectors. The firm has established itself as a partner of choice by leveraging its unique combination of investment capital, a team of professionals with experience investing in and operating some of the world’s premiere consumer brands and an extensive industry network. Goode seeks to partner with the owners and managers of well-positioned, high-growth potential consumer-oriented companies. More information on Goode Partners and its team can be found on the firm’s website www.goodepartners.com.
Goode Partners Contact:
Jose “Joe” Ferreira, Jr.
Co-Founder and Partner