Based mostly in Portland, Oregon, Salt & Straw was based by cousins Kim and Tyler Malek in 2011. Initially serving ice cream from a pushcart, Salt & Straw is finest recognized for its oddly scrumptious flavors, distinctive hospitality, and high quality components. regionally sourced that join followers of meals narratives and supply continuous taste adventures. With a mission to create a heat and welcoming neighborhood vacation spot, Salt & Straw invitations guests to discover unbelievable ice cream and join with each other.
Laura Gladstone, CEO of Gladstone Capital, stated: “We’re excited to accomplice with Salt & Straw and their wonderful administration workforce who’ve put their coronary heart and soul into constructing a tremendous ice cream model that helps each area people. We all know they are going to be profitable as they proceed their thrilling development within the US.”
“Kim, Tyler and their workforce at Salt & Straw epitomize the facility of harnessing ardour and goal; Your ice cream not solely unlocks uncommon and fleeting experiences, it tells tales and brings collectively area people stakeholders. We’re delighted to have offered Salt & Straw with a custom-made capital resolution to gas the expansion of their omnichannel technique,” stated Ray Logan, Principal, Gladstone Capital.
“We’re excited to accomplice with Gladstone and proceed to spend money on our workforce members and current infrastructure, whereas opening new shops when the appropriate alternatives come up,” stated Kim Malek, president and CEO of Salt & Straw. “We’re honored to share our ice cream extra extensively and look ahead to making connections in additional communities within the close to future.”
About Salt and Straw Ice Cream: Salt & Straw Ice Cream was based in 2011 by cousins Kim and Tyler Malek. We make unbelievably scrumptious ice cream that tells the story of great artisans, farmers, and meals actions. Our distinctive menu options 12 traditional flavors, in addition to a month-to-month rotating menu that displays culinary tendencies, seasonal components and related cultural moments. From our humble beginnings as a single ice cream cart, Salt & Straw now has 29 shops in OR, WA, CA, and FL (together with shops at Downtown Disney and Disney Springs), delivery ice cream nationwide. Discover extra info at www.saltandstraw.com, or comply with us on social media @saltandstraw.
About Illustrated Hospitality Investments: Enlightened Hospitality Investments (“EHI”) is a value-added strategic funding supervisor fashioned to leverage the manufacturers, companies and workforce of Union Sq. Hospitality Group to determine development potential and funding alternatives in inside and exterior corporations . EHI companions with portfolio corporations to offer strategic route, operational experience, elevated visibility and entry to relationships, leading to vital worth creation for all stakeholders. For extra info on EHI, go to www.ehi.fund.
About KarpReilly: KarpReilly, LLC is a non-public funding agency, based by Allan Karp and Chris Reilly, whose main mission is to accomplice with main small and medium-sized rising corporations and assist them obtain their long-term imaginative and prescient. KarpReilly administrators have invested greater than $2 billion in additional than 130 corporations within the client house, together with branded client merchandise, e-commerce, retail and eating places. For extra info, go to www.karpreilly.com.
About Gladstone Capital Company: Gladstone Capital Company is a publicly traded enterprise improvement firm that invests in debt and fairness securities, consisting primarily of first and second time period secured loans to decrease center market corporations in the US. Details about the enterprise actions of Gladstone Capital and Gladstone’s different publicly traded funds might be discovered at www.GladstoneCapital.com or www.GladstoneCompanies.com.
Statements on this press launch relating to the long-term prospects of Gladstone Capital, Salt & Straw, Enlightened Hospitality Investments, KarpReilly and their administration groups, and the power of Gladstone Capital, Salt & Straw, Enlightened Hospitality Investments and KarpReilly to develop and develop are “forward-looking statements.” These forward-looking statements inherently contain sure dangers and uncertainties in predicting future outcomes and situations. Though these statements are primarily based on the present plans of Gladstone Capital, Salt & Straw, Enlightened Hospitality Investments and KarpReilly that are believed to be affordable as of the date of this press launch, quite a lot of components might trigger precise outcomes and situations to vary materially from these these forward-looking statements, together with components described once in a while in Gladstone Capital’s filings with the Securities and Alternate Fee. Gladstone Capital undertakes no obligation to replace or revise these forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by legislation.
Investor Relations Inquiries: Go to www.gladstonecompanies.com or +1-703-287-5893.
FONT: Gladstone Capital Company
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