Arent Fox Counsels Silver Diner, Inc. on strategic partnership with Goode Partners LLC
Washington, DC - Arent Fox LLP announced today that it represented Silver Diner, Inc. in connection with the strategic growth investment from Goode Partners LLC that will help fund the company’s geographic expansion and accelerate growth. Partner Jay L. Halpern and associate Amal U. Dave led a team of Arent Fox attorneys advising Silver Diner, Inc. on the transaction, including partners Jeffrey R. Jordan, Joseph A. Rieser, James H. Hulme, William R. Charyk, and Michael L. Stevens, and associates Cynthia Weiss, Wesley T. Gee, and Loni J. Sherwin.
Robert Giaimo, co-founder and CEO of Silver Diner said, “Goode Partners provides us with both capital and extensive experience in the restaurant industry. This partnership will allow us to expand Silver Diner’s reach in both new and existing markets and provide outstanding career opportunities for our current and future associates as we grow.”
“We are very excited about this partnership and what it means for our ability to bring more locally sourced and Flexitarian options to more customers as we grow and continue to innovate,” said Ype Von Hengst, co-founder and executive chef of Silver Diner. “Goode Partner’s experience in growing companies, along with their invested capital, will help us achieve this.”
Silver Diner, Inc. is the operator of the successful Silver Diner, Silver Diner Airport and Silver restaurants that brings an innovative menu to the classic American diner. Headquartered in Rockville, Maryland, the company owns and operates fifteen total locations through two related concepts based on the classic American diner. Founded in 1989, the company has transformed its Silver Diner concept to bring customers a high quality farm-to-table dining experience in the classic American diner setting. The company currently operates 13 Silver Diner restaurants across New Jersey, Maryland and Virginia and one Silver Diner Airport at Baltimore-Washington International Airport. In addition to the Silver Diner concept, the company opened its first Silver restaurant in September 2015 in order to bring more densely populated metropolitan markets a more refined interpretation of the diner setting and menu.
Mr. Halpern is annually recognized among the best transaction attorneys in the US by Legal 500 and Super Lawyers. He has significant experience advising hospitality industry companies in mergers and acquisitions, joint ventures, equity financing, and mezzanine loans.
Arent Fox maintains one of the largest and most comprehensive corporate practices in Washington, DC. The Corporate & Securities Practice is internationally recognized for providing legal service on transactions in a range of industries. The breadth of the practice distinguishes the group from other DC-based transactional practices. As a reflection of that talent, the firm has been recognized by Chambers USA, Legal 500 and U.S. News & World Report’s “Best Law Firms.”