Olympus Partners is pleased to announce that it has sold Ann's House of Nuts, Inc. Ann's House of Nuts, Inc., headquartered in Columbia, Md., is a leading manufacturer of private label and branded, snack nut and trail mix products. Olympus has owned Ann's since July 2008.
Rob Morris of Olympus Partners commented, "We are very pleased with this outcome. The Ann's management team has done an extraordinary job in executing on the growth opportunities we saw in the healthy snack category."
Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services.
Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
The Olympus team included Manu Bettegowda and Sachin Bavishi. Olympus was represented by John Schoenfeld and Rob Kiburz of Kirkland & Ellis LLP.
Brad Akason and Chris Stradling of Lincoln International LLC advised Ann's and Olympus on the transaction.