M&A Deal Summary

Middleby Acquires Automatic Bar Controls

On December 18, 2013, Middleby acquired machinery company Automatic Bar Controls from Windjammer Capital

Acquisition Highlights
  • This is Middleby’s 16th transaction in the Machinery sector.
  • This is Middleby’s 12th transaction in the United States.
  • This is Middleby’s 2nd transaction in California.

M&A Deal Summary
Date 2013-12-18
Target Automatic Bar Controls
Sector Machinery
Buyer(s) Middleby
Sellers(s) Windjammer Capital
Deal Type Add-on Acquisition
Advisor(s) Sagent Advisors LLC (Financial)

Target

Automatic Bar Controls

Vacaville, California, United States
website
Wunder-Bar is a provider of innovative dispensing solutions for carbonated and non-carbonated soft drinks, flavored iced teas and other beverages.

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Buyer(S) 1

Buyer

Middleby

Elgin, Illinois, United States

website

Category Company
Founded 1888
Sector Manufacturing
Employees9,289
Revenue 4.0B USD (2022)
DESCRIPTION

Middleby designs, manufactures, markets, distributes, and services a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation and dishwashers primarily used in the residential market. Middleby was founded in 1888 and is based in Elgin, Illinois.

DEAL STATS #
Overall 21 of 71
Sector (Machinery) 16 of 34
Type (Add-on Acquisition) 20 of 65
State (California) 2 of 6
Country (United States) 12 of 43
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 Celfrost Innovations Pvt.

Gurgaon, India

Celfrost is recognized in India as a preferred commercial foodservice equipment distributor with a broad line of cold side products such as professional refrigerators, coldrooms, ice machines, and freezers, marketed under the Celfrost brand. Celfrost is a leading supplier of equipment to many of the fast growing restaurant chains and hotel groups.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Market Forge Industries

Burlington, Vermont, United States

Market Forge Industries, Inc. is a manufacturer of steam cooking equipment for the foodservice industry. The product offerings of Market Forge include countertop steamers, kettles and braising pans used by leading restaurants and foodservice operations.

Buy -

Seller(S) 1

SELLER

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 17 of 26
Sector (Machinery) 2 of 4
Type (Add-on Acquisition) 7 of 10
State (California) 2 of 4
Country (United States) 17 of 26
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Maxcess

Oklahoma City, Oklahoma, United States

Maxcess is a provider of highly engineered, mission critical components used in web process manufacturing applications. Maxcess's line of web accessory products and includes web-guiding systems, winding products, slitting products and systems tension controls, and inspection products. The Maxcess umbrella covers the strongest brand names in the industry. Fife pioneered automated web guiding, Tidland invented the very first expanding air shaft and MAGPOWR has the largest installed base of tension products in the industry.

Sell -
Mergr

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