Stamford, Conn., July 6, 2008 - Olympus Partners is pleased to announce that it has acquired Ann's House of Nuts, Inc. through a newly formed, affiliated entity. Ann's House of Nuts, Inc., headquartered in Jessup, Md., is a leading manufacturer of private label and branded, snack nut and trail mix products.
Manu Bettegowda of Olympus Partners commented, "We are pleased to partner with management and the Zinke family in acquiring the business. We are excited about the growth potential in the healthy snack category and believe Ann's is well positioned with its reputation for quality products and exceptional service."
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, Chris Smith and Sarah Betzwieser. Olympus was represented by John Schoenfeld and Jim Faley of Kirkland & Ellis LLP.
Brad Akason of Lincoln International LLC advised the sellers on the transaction.