The Riverside Company, a global investment firm focused on the smaller end of the middle market, has sold YumEarth to ACON Investments. YumEarth is a leading clean, organic, allergen-free candy company that sells gummies, lollipops, fruit snacks, candy drops and other candy products.
“YumEarth is a compelling example of Riverside’s ability to partner with mission-driven brands to accelerate growth and create lasting value. Over the course of our partnership, we supported the company’s expansion through product innovation, while staying true to its core commitment to clean ingredients and transparency,” said Riverside Managing Partner Loren Schlachet.
Steve Van Tassel, YumEarth CEO, stated, “Riverside was a great partner – they understood our vision and gave us the resources needed to build a uniquely differentiated better-for-you confectionery brand. We are proud of what we accomplished together and look forward to continuing our momentum in this next chapter with ACON."
“It was a privilege to work alongside the YumEarth team to scale a trusted brand in the better-for-you snacking category,” said Riverside Senior Partner Alan Peyrat and Principal Chris Shea. “Together, we drove meaningful growth by launching new products, expanding retail distribution, entering new markets and strengthening the leadership team, all while maintaining the integrity of the brand. We thank management for their partnership and dedication and are confident the business is poised for continued success moving forward.”
YumEarth is another example of Riverside’s expertise in consumer companies. Working closely with management, Riverside fosters growth through a focused approach that pairs consumer expertise with Riverside’s global resources.
Working with Schlachet, Peyrat and Shea on the deal for Riverside were Assistant Vice President Tom Hillebrecht, Associate Nikolai Kassogue and Operating Partner Mark Eblin.
TM Capital served as financial advisor to YumEarth and The Riverside Company.
