Food and Restaurant Specialist Winsight Gets Funding

US-based media, event and information company Winsight has received an undisclosed amount of equity and debt funding from investment firm Pamlico Capital, in partnership with the firm's existing management team.

Headquartered in Chicago, Winsight provides information and market intelligence to the global restaurant, non-commercial foodservice, and convenience retail industries. In 2015, it acquired Technomic, which provides primary and secondary food and foodservice industry insights, as well as strategic advice to companies operating in the sectors.

As part of the new deal, described as 'majority recapitalization', CEO Mike Wood (pictured), other management team members and existing investors will maintain 'significant ownership' of Winsight.

Commenting on the news, Wood said: 'The Pamlico team brings expertise and ongoing capital for additional investment and acquisitions, and we are excited about what this will mean for Winsight's employees and customers. We see the opportunity to continue growing Winsight and increase our presence and offerings to our restaurant, foodservice, and convenience markets, and are pleased to have a financial partner to execute our strategy'.

Web site: www.winsightmedia.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.