Olympus Partners Announces Significant Sale of Rise Bakery
Olympus Partners Announces Sale of Rise Baking Company
Olympus Partners, a prominent private equity firm, has successfully entered into an agreement to sell Rise Baking Company, a leading manufacturer in North America's baking sector. Rise Baking Company, celebrated for its diverse lineup of products including cookies, cakes, muffins, and icings, has established itself as a staple among national grocery chains and foodservice customers throughout the region.
Rise Baking Company: A Leader in the Baking Industry
Founded in Minneapolis, Rise Baking Company has flourished under Olympus' stewardship, evolving into a dominant force in the baking industry. The company employs nearly 4,000 individuals and operates 20 manufacturing facilities, producing high-quality bakery goods that cater to the needs of in-store bakeries and foodservice establishments.
Transformative Growth Since 2018
Since Olympus' initial investment in 2018, Rise has undergone substantial growth, marked by strategic acquisitions. The company has integrated several key players in the industry, including Brill and the Frozen Products division of Dawn, enhancing its portfolio and market share.
Olympus Partners: A Legacy of Growth and Partnership
Over the last three years, Olympus Partners has returned more than $6 billion to its investment community, showcasing its commitment to creating value. The partnership with Rise has been characterized by mutual respect and shared goals, with Olympus providing operational insights and financial support that have been instrumental in Rise's success.
Comments from Leadership
“Working closely with Brian Zellmer and the Rise management team has been an exceptional experience,” said Mike Horgan, Partner at Olympus. “Together, we transformed Rise into a premier in-store bakery platform, and we are excited about the future prospects for the company.”
Brian Zellmer, CEO of Rise, echoed these sentiments, stating, “The partnership with Olympus has been invaluable. Their support has fueled our momentum, and we look forward to our next chapter under new ownership.”
The Team Behind the Success
The Olympus team, including influential members such as Mike Horgan, Jim Conroy, and Sid Ahuja, played a pivotal role in the company’s accomplishments. Their collective expertise has greatly contributed to the growth and direction of Rise.
About Olympus Partners
Founded in 1988, Olympus Partners is dedicated to providing equity capital for middle-market management buyouts and supporting the growth of emerging companies. The firm has successfully managed over $10 billion, focusing on various industries including consumer and food services, healthcare, and industrial manufacturing. Their active investment strategy emphasizes long-term value creation and partnerships.
Frequently Asked Questions
What is the significance of the sale of Rise Baking Company?
The sale highlights the success and growth of Rise under Olympus Partners, reflecting a strong return for investors and enhanced market leadership.
How has Rise Baking Company grown since Olympus investment?
Since 2018, Rise has expanded through strategic acquisitions, significantly increasing its product offerings and market presence in North America.
Who are some key figures in Olympus Partners?
Key figures include Mike Horgan, Jim Conroy, and Sid Ahuja, who have been instrumental in guiding the partnership with Rise Baking Company.
What industries does Olympus Partners invest in?
Olympus invests in a diverse range of sectors including consumer products, healthcare, food services, and industrial manufacturing.
What can we expect from Rise Baking Company in the future?
With new ownership and a solid foundation, Rise is well-positioned for further growth and innovation in the bakery industry.
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