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Exaltare Acquires Good Feet Midwest As Third Platform In Franchising

PRIVATEMay 03, 2023

Acquiring Company

Exaltare Capital Management

Acquired Company

The Good Feet Store

CarlsbadFinancial ServicesFinanceVenture CapitalAngel InvestmentManufacturingFashionRetail

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.

Quick answer

Exaltare Capital Management is acquiring The Good Feet Store, announced May 3, 2023.

How much did Exaltare Capital Management pay for The Good Feet Store?
The deal value was not disclosed.
What does Exaltare Capital Management do?
Exaltare Capital Management is a private investment firm with a focus on franchise and multi-unit investments.
Where are Exaltare Capital Management and The Good Feet Store based?
The Good Feet Store is based in Carlsbad, New Mexico, United States.

Source: Fundz verified event record.

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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.

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Frequently asked

Who acquired The Good Feet Store?

The Good Feet Store was acquired by Exaltare Capital Management. The deal was reported on May 3, 2023. Exaltare Capital Management is a private investment firm with a focus on franchise and multi-unit investments. Exaltare Capital Management is privately held and operates in Financial Services.

When did Exaltare Capital Management acquire The Good Feet Store?

Exaltare Capital Management's acquisition of The Good Feet Store was reported on May 3, 2023. 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"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The Good Feet Store do?

Founded in 1992, The Good Feet Store is the market-leading manufacturer and retailer of premium, personally fitted arch supports, with more than 200 retail locations in the U.S. and abroad. It is privately held, operating in Manufacturing, and is based in Carlsbad.

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