Riverside’s private equity

News Release

Riverside Serves Up Add-On to Alchemy Systems July 26, 2017

Wisetail adds blue-chip customers, new capabilities

The Riverside Company has added Wisetail to its Alchemy Systems (Alchemy) platform. Wisetail provides a sophisticated employee learning and engagement platform to help employees at restaurants and retailers deliver excellent service.

Alchemy is the world’s largest training and front line employee engagement company for the food and retail sectors, providing innovative software and solutions that engage workforces to drive safety and productivity and protect people, profits and brands.

“Wisetail serves a number of premier customers such as ShakeShack, BJ’s Restaurants, Jamba Juice, Einstein Brothers Bagels, The Cheesecake Factory, Bonobos, and SoulCycle,” said Riverside Managing Partner Loren Schlachet. “We’re excited about these new customers, and the tremendous talent on the Wisetail team.”

Together, Alchemy and Wisetail helps companies train and engage more than 2.5 million employees at over 35,000 locations. Wisetail will operate as a unit of Alchemy and continue to grow its operations in Bozeman, Montana. 

“Alchemy and Wisetail share a commitment to creating more engaged workplaces,” said Riverside Partner Brian Sauer. “They are well-matched culturally and bring complementary strengths that will serve customers of both companies well. We’re looking forward to continued growth at Alchemy.”

Working with Schlachet and Sauer on the transaction for Riverside were Principal Stephen Rice, Principal Dan Haynes, Associate Rahul Mohan, Operating Partner Rex Niles, Finance Director Mike Rath and Origination Professional Amy Margolis.

Jones Day and Deloitte advised Riverside on the transaction.

The Riverside Company

The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions. The firm’s international portfolio includes more than 80 companies.

Media Contact

Holly Mueller
Communications Consultant
The Riverside Company
+1 216 535 2236