DAK Group announces Jimmy’s Gourmet Bakery sold to Rise Baking Company

Key points

• Jimmy's Gourmet Bakery, a New Jersey commercial bakery, has been sold to Minneapolis-based Rise Baking Company
• The bakery specializes in thaw-and-sell baked goods, a growing category in the commercial baking market
• DAK Group, the deal facilitator, specializes in middle-market M&A transactions in the food and beverage sector
• Rise Baking Company is recognized as one of the baking industry's most frequent acquirers of established operations

FAQ

What does Jimmy's Gourmet Bakery specialize in?

Jimmy's Gourmet Bakery is a New Jersey-based commercial bakery that specializes in thaw-and-sell baked goods, a category that allows retailers and food service providers to finish baking products on-site.

Who is Rise Baking Company?

Rise Baking Company is headquartered in Minneapolis and is one of the baking industry's most active acquirers of established bakery operations, making this acquisition part of its ongoing expansion strategy.

What role did DAK Group play in this deal?

DAK Group, an investment bank specializing in middle-market mergers and acquisitions, facilitated the sale of Jimmy's Gourmet Bakery and represented the seller in the transaction.