Olympus Partners Acquires Rise Baking Company from Arbor Investments

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.

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.

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

December 5, 2023

Food & Beverage

Rise Baking Company, a Minneapolis-based portfolio company of Olympus Partners, has acquired two pie facilities (in Kent, Washington and Brampton, Ontario) from Wonder Brands Holdings Inc. and FGF Brands (USA) Inc. The acquisition expands Rise’s product offering into the pie category, increasing its North American footprint to 18 facilities and strengthening its service to retail and foodservice customers.

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.

Highstreet Insurance Partners Acquires RISE Partners

May 7, 2024

Insurance

Highstreet Insurance Partners, a Traverse City, Michigan-based independent insurance brokerage, has acquired RISE Partners, a Louisville, Kentucky insurance agency. The deal (terms undisclosed) expands Highstreet’s footprint into Kentucky while RISE’s founder Mike Arnold will continue to lead the business under Highstreet’s ownership.

Crown Bakeries Acquires Michel's Bakery

June 10, 2021

Food & Beverage

Crown Bakeries, the Arbor Investments-backed bakery platform, has acquired Michel's Bakery, a Philadelphia-based maker and distributor of sweet baked goods founded in 1898. Michel's will continue operating from its Philadelphia facility with Jon Liss remaining as General Manager; terms were not disclosed. The deal expands Crown's manufacturing footprint in the Northeast and broadens its sweet- and laminated-goods capabilities.