Lindsay Goldberg Acquires ARYZTA North America

Lindsay Goldberg Takes Majority Stake in Alro Steel

August 10, 2026

Industrial Services

Lindsay Goldberg acquired a majority interest in Alro Steel, a family-owned distributor of metals and performance plastics headquartered in Jackson, Michigan. The Glick family retains a significant ownership stake and continues to lead the business, with Alro’s name, brand, and daily operations unchanged. The transaction is expected to close by the end of October 2026, subject to customary closing conditions.

Platinum Equity and Butterfly to Acquire Rise Baking Company

September 18, 2024

Food & Beverage

Platinum Equity and Butterfly have announced the acquisition of Rise Baking Company, a Minneapolis-based North American bakery manufacturer. The firms will be equal partners and Rise will continue operating under its current management team led by CEO Brian Zellmer. The deal is expected to close in Q4 2024, and financial terms were not disclosed.

Lindsay Goldberg Acquires Controlling Interest in Golden State Foods

August 8, 2024

Food & Beverage

Lindsay Goldberg has entered into an agreement to acquire a controlling interest in Golden State Foods (GSF), partnering with the Wetterau family which will retain a significant ownership stake. The investment will provide GSF with additional resources to support growth across its global foodservice manufacturing and distribution operations while the company remains headquartered in Irvine, California under existing management.

Unilever Acquires Yasso Holdings, Inc.

June 14, 2023

Food & Beverage

Unilever has agreed to acquire Yasso Holdings, Inc., a U.S. premium frozen Greek yogurt brand, to bolster the premiumisation of its Ice Cream Business Group in North America. The acquisition, announced from Unilever's Englewood Cliffs office, will add Yasso's better‑for‑you frozen dessert portfolio (sold in grocery and club stores nationwide) to Unilever's ice cream brands and is expected to close in Q3 2023 subject to approvals.

Brynwood Partners' Great Kitchens Acquires ARYZTA North America's Take-and-Bake Pizza Business

December 7, 2020

Food & Beverage

Brynwood Partners' newly-formed portfolio company, Great Kitchens Food Company Inc., has acquired ARYZTA North America's take-and-bake pizza business in a carveout transaction. Great Kitchens will be headquartered in Romeoville, Illinois and operate production facilities in Chicago Heights and Romeoville employing approximately 700 people; financial terms were not disclosed.

Olympus Partners Acquires Rise Baking Company from Arbor Investments

August 9, 2018

Food & Beverage

Stamford-based private equity firm Olympus Partners has acquired Rise Baking Company, a Minneapolis-headquartered manufacturer of premium cookies, dessert bars, artisan breads, and flatbreads, from Arbor Investments. Rise employs over 1,000 people across six North American facilities; Olympus said it will partner with management to continue organic growth and pursue transformational acquisitions to expand the business.