Rise Baking Company (Olympus Partners) Acquires Brill Inc.

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.

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.

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.

Biscuit International Acquires Continental Bakeries

October 22, 2021

Food & Beverage

Biscuit International, a Platinum Equity-backed European private‑label biscuit manufacturer, has agreed to acquire Continental Bakeries from its majority shareholder Goldman Sachs Asset Management. The deal brings Continental’s 13 production facilities and more than 2,300 employees into Biscuit International, strengthening the combined group's product portfolio and pan‑European footprint; completion was anticipated in H1 2022 subject to customary approvals.