Gilchrest & Soames is Sold

Private equity firm Swander Pace Capital has sold Gilchrist & Soames to Guest Supply, a wholly owned subsidiary of Sysco Corporation. Terms were not disclosed.
 
While under Swander Pace’s ownership, sold Gilchrist & Soames became a global leader in luxury beauty and personal care products for the most prestigious hotels, spas, and resorts throughout the world. The company expanded its client base from predominantly boutique luxury hotels in North America to large international prestige hoteliers throughout the world, such as The Peninsula Hotels, Hyatt and Mandarin Oriental Hotel Group.
 
“I’m incredibly proud of our partnership with Gilchrist & Soames over the past eight years,” said Mo Stout, managing director at Swander Pace. “Kathie De Voe and her team have pushed the company to new heights and set the standard for luxury beauty and personal care products for travelers throughout the world. We look forward to watching the company continue to grow with its new partner, Guest Supply.”
 
Guest Supply calls itself a world leader in providing products to enhance hotel guests’ experience. It has more than 25,000 hotel partners in 100-plus countries.
 
“I want to thank Swander Pace for being an incredible partner,” said De Voe, who is CEO of Gilchrest & Soames. “With their support and guidance, we’ve nearly doubled the size of our business, expanded to new markets and properties around the world, invested in and built a best-in-class new headquarters facility in Indianapolis, and secured the interest of a new partner to build on that momentum.”