Middleby Mergers and Acquisitions Summary

ManufacturingCompany

Middleby has acquired 69 companies, including 30 in the last 5 years. A total of 14 acquisitions came from private equity firms.

Middleby’s largest acquisition to date was in 2021, when it acquired Masterbuilt Manufacturing for $385M. Middleby has acquired in 23 different US states, and 15 countries. The Company’s most targeted sectors include machinery (49%) and manufacturing (21%).

Join Mergr and gain access to Middleby’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the manufacturing sector.

M&A Summary

  • M&A Total Activity68
    • M&A Buy Activity68
  • Total Sectors Invested 12
  • Total Countries Invested 15
  • M&A Buy/Sell Connections 18
  • M&A Advisors 2

Middleby

The Middleby Corp.

1400 Toastmaster Drive,
Elgin, Illinois 60120
United States,
(847) 741-3300
www.middleby.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (4.2/yr) # 47 6 4 4 6 1 68
vol $851M $385M $1.2B
Sell (0.0/yr) # - - - - - - 0
  68

Most Recent M&A

Company Date Value Type
Flavor Burst Co. 2023-01-24 - Add-on Acquisition
Danville, Indiana · www.flavorburst.com
Marco Beverage Systems Ltd. 2022-12-20 - Add-on Acquisition
Dublin, Ireland · www.marcobeveragesystems.com
Escher Mixers srl 2022-11-10 - Add-on Acquisition
Vicenza, Italy · www.eschermixers.com
Colussi Ermes s.r.l. 2022-07-27 - Add-on Acquisition
Pordenone, Italy · www.colussiermes.com
CP Packaging LLC 2022-07-12 - Add-on Acquisition
Appleton, Wisconsin · www.cppac.com
Icetro Co., Ltd. 2022-07-01 - Add-on Acquisition
Incheon, South Korea · www.icetro.com
Proxaut S.r.l 2022-06-29 - Add-on Acquisition
Modena, Italy · www.proxaut.com
Char-Griller 2021-12-27 - Add-on Acquisition
Sea Island, Georgia · www.chargriller.com
Masterbuilt Manufacturing LLC 2021-12-06 385M USD Add-on Acquisition
Columbus, Georgia · www.masterbuilt.com
Imperial Commercial Cooking Equipment 2021-09-24 - Add-on Acquisition
Corona, California · www.imperialrange.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 33 (49%) 58M (5%) - -
Manufacturing 14 (21%) 380M (31%) - -
Consumer Products 7 (10%) 385M (31%) - -
Electrical Equipment 3 (4%) 27M (2%) - -
Distribution 2 (3%) - - -
Electronics 2 (3%) 199M (16%) - -
Food 2 (3%) - - -
Automotive 1 (1%) - - -
Building Materials 1 (1%) 188M (15%) - -
Business Services 1 (1%) - - -
Internet Software and Services 1 (1%) - - -
Packaging 1 (1%) - - -
Total 68 $1.2B - -

By Geo

State/Country Buy Value Sell Value
United States 41 980M - -
  California 6 - - -
  Illinois 4 - - -
  Wisconsin 3 27M - -
  Washington 3 - - -
  North Carolina 3 - - -
  Texas 2 - - -
  Pennsylvania 2 - - -
  Missouri 2 188M - -
  Georgia 2 385M - -
  Virginia 1 - - -
  Vermont 1 - - -
  Oregon 1 - - -
  Oklahoma 1 - - -
  Ohio 1 - - -
  New York 1 - - -
  New Hampshire 1 - - -
  Mississippi 1 380M - -
  Massachusetts 1 - - -
  Indiana 1 - - -
  Florida 1 - - -
  Colorado 1 - - -
  Arizona 1 - - -
Italy 6 - - -
United Kingdom 4 257M - -
Australia 3 - - -
Canada 3 - - -
  Quebec 1 - - -
  Ontario 1 - - -
  Alberta 1 - - -
China 2 - - -
Belgium 1 - - -
Denmark 1 - - -
France 1 - - -
Germany 1 - - -
India 1 - - -
Ireland 1 - - -
South Korea 1 - - -
Spain 1 - - -
Sweden 1 - - -
Domestic 41 (60%) 980M (79%) - -
Cross-border 27 (40%) 257M (21%) - -
Total 68 $1.2B - -

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
$100M to $1B 4 $1.2B
< $100M 2 $85M
TOTAL $1.2B
Largest Masterbuilt Manufacturing LLC
$385M (2021-12-06)

M&A Connections

Deals
Acquired from
Investor(s)
19%
13 (19%)
Strategic(s)
7%
5 (7%)

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