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August 13th, 2021

Olympus Puts Icing on The Cake, Adds Brill to Rise Baking Company

Stamford, CT based private equity firm Olympus Partners’ portfolio company Rise Baking Company (“Rise”) has purchased Brill Inc. (“Brill”).  Brill specializes in cakes, cookies, muffins, icings, glazes and toppings, with a nationwide footprint and distribution network across the United States, servicing retail bakeries and foodservice operators.   Rise is a leading provider of premium cookies, cakes, brownies, muffins, dessert bars, artisan breads, and flatbreads in North America to retail bakeries as well as well as foodservice providers.  The combined business will have over 15 facilities across North America.

Mike Schultz, CEO of Rise Baking said, “Brill is a perfect fit as we look to bring additional products and innovation to the marketplace. We appreciate the continued support and guidance from Olympus and look forward to welcoming our new teammates to Rise Baking Company.”

“We are excited to continue to invest with Mike Schultz and the Rise Baking team.  Rise and Brill together bring an unparalleled portfolio of quality products and innovation to the market.  The Rise team is building a world-class customer service organization through organic growth and smart acquisitions,” said Mike Horgan, Partner at Olympus.   The Olympus team included Jim Conroy, Griffin Barstis, Matt Bujor, and Sid Ahuja.  Matt Goulding and Dilen Kumar from Kirkland and Ellis represented Olympus.

Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus manages funds in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services and manufacturing.

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