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Exaltare Acquires Good Feet Midwest As Third Platform In Franchising

May 03, 2023•over 2 years ago

Acquiring Company

Exaltare Capital Management

Acquired Company

The Good Feet Store

CarlsbadAngel InvestmentVenture CapitalFinanceFinancial ServicesRetailFashionManufacturing

Description

Exaltare Capital Management, LLC ("Exaltare"), a Boston based private investment firm with a focus on franchise and multi-unit investments, acquired GF Midwest, Inc. ("GF Midwest" or "the Company"). GF Midwest, headquartered in Milwaukee, WI, is one of the largest developers and operators of the Good Feet Store, operating 23 franchises across 9 states. The Good Feet Store has served customers by selling proprietary arch supports to alleviate pain and increase performance and comfort for over 30 years.

Company Information

Company

Exaltare Capital Management

About

Exaltare Capital Management is a private investment firm with a focus on franchise and multi-unit investments. ECM's principals have significant private equity and operational experience that enables the firm to be a value-added partner to its portfolio companies. Exaltare looks to invest in founder-owned businesses with $2 to $25 million of EBITDA. Since 2012, Exaltare has completed 17 platform and add-on transactions in multi-unit and franchised businesses, representing over 250 individual locations and over $900 million of capital. For more information, visit www.exaltarecapital.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed