Rise Baking Company Acquires Two Pie Facilities from Wonder Brands and FGF Brands

Rise Baking Company (Olympus Partners) Acquires Brill Inc.

August 13, 2021

Food & Beverage

Rise Baking Company, a platform backed by Olympus Partners, has acquired Brill Inc., a supplier of cakes, cookies, muffins, icings, glazes and toppings serving retail bakeries and foodservice operators across the United States. The deal is an add-on to Rise’s platform and expands its product portfolio and nationwide distribution footprint; the combined business will operate more than 15 facilities across North America. Baker & Baker Group is reported as the selling parent of Brill.

Rise Baking Company Acquires Table Talk Pies

June 14, 2024

Food & Beverage

Rise Baking Company, a portfolio company of Olympus Partners, has acquired Worcester, Massachusetts-based Table Talk Pies, Inc., a family-owned pie manufacturer founded in 1924. The acquisition expands Rise's pie capabilities and footprint—bringing the combined Rise business to 20 manufacturing facilities and approximately 3,700 employees across the US and Canada.

Platinum Equity and Butterfly Acquire Rise Baking Company

September 18, 2024

Food & Beverage

Platinum Equity and Butterfly have agreed to acquire Rise Baking Company from Olympus Partners, with Platinum and Butterfly acting as equal partners. Rise, a Minneapolis-based bakery manufacturer with nearly 4,000 employees and 20 North American production facilities, will remain led by CEO Brian Zellmer and will pursue further organic growth and M&A under the new owners.

Benford Capital Partners Acquires Legacy Bakehouse

April 11, 2023

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has acquired Legacy Bakehouse, a Waukesha, Wisconsin-based developer and manufacturer of baked snack ingredients and the owner of the Pinahs brand. Benford will partner with Legacy President Peter Sardina, invest in operational capacity and sales capabilities, and pursue add-on acquisitions to grow the platform.

TPG's The Rise Funds Acquires Majority Stake in Trustwell

January 5, 2026

Cloud & SaaS

TPG's The Rise Funds has made a majority investment in Trustwell, a SaaS provider of regulatory compliance, traceability and supplier management software for the food industry. The Riverside Company has fully exited its investment; financial terms were not disclosed. The partnership aims to accelerate Trustwell's product innovation and scale adoption across food and beverage supply chains.

Commercial Bakeries Corp. Acquires Imagine Baking, Inc.

May 17, 2024

Food & Beverage

Commercial Bakeries Corp., a portfolio company of Graham Partners, has acquired Imagine Baking, Inc., a Sandusky, Ohio-based maker of specialty crackers, cookies, biscuits and brittle focused on gluten-free, organic and better‑for‑you products. The purchase expands Commercial Bakeries' private‑label and co‑manufacturing capabilities in North America by adding Imagine Baking's 114,000+ sq. ft. production facility, segregated lines and R&D lab.