M&A Deal Summary

Middleby Acquires Alkar-RapidPak

On December 1, 2005, Middleby acquired electrical equipment company Alkar-RapidPak from FCF Partners for 27M USD

Acquisition Highlights
  • This is Middleby’s 1st transaction in the Electrical Equipment sector.
  • This is Middleby’s 6th largest (disclosed) transaction.
  • This is Middleby’s 1st transaction in the United States.
  • This is Middleby’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2005-12-01
Target Alkar-RapidPak
Sector Electrical Equipment
Buyer(s) Middleby
Sellers(s) FCF Partners
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

Alkar-RapidPak

Lodi, Wisconsin, United States
Alkar, the foremost manufacturer of processing ovens, chillers, and continuous cook/chill systems used by meat, poultry, and seafood processors. RapidPak, also located in Lodi, is a manufacturer of high-speed, automated form-fill-seal packaging machines serving the food processing and sterile medical device industries.

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Buyer(S) 1

Buyer

Middleby

Elgin, Illinois, United States

Category Company
Founded 1888
Sector Manufacturing
Employees10,722
Revenue 4.0B USD (2023)
DESCRIPTION

Middleby designs, manufactures, markets, distributes, and services a broad line of food service 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 1 of 74
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 68
State (Wisconsin) 1 of 3
Country (United States) 1 of 45
Year (2005) 1 of 1
Size (of disclosed) 6 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 Star Manufacturing International

St. Louis, Missouri, United States

Star Manufacturing International, Inc. is a manufacturer of pre-engineered metal commercial and industrial buildings.

Buy $188M

Seller(S) 1

SELLER

FCF Partners

Milwaukee, Wisconsin, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 130M USD
Size Small
Type Sector Agnostic
DESCRIPTION

FCF Partners is a private equity firm that focuses on control investments in established, smaller middle-market companies in Wisconsin and the Upper Midwest. FCF targets businesses generating revenues of $10 to $75 million and EBITDA of at least $2 million. Sectors of interest include food/food equipment, manufacturing, distribution, service, medical devices, chemicals, paper converting, packaging, machinery, nice manufacturing, financial services, business services, and later-stage technology. The Firm's target investment size is $2 to $15 million. FCF was formed in 1999 and is based in Milwaukee.


DEAL STATS #
Overall 4 of 9
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Wisconsin) 3 of 7
Country (United States) 4 of 9
Year (2005) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-07 Seattle Systems

Poulsbo, Washington, United States

Seattle Systems is the largest domestic manufacturer of prosthetic and orthotic devices including a full line of orthopedic bracing devices. All products offer both tangible and intangible value since Seattle Systems helps to minimize the medical issues that amputees and orthopedic patients face while dramatically helping them realize their full mobility potential. Seattle Systems also tailors its products, such as prosthetic lower limb components, to appeal to both the patient's physical comfort (good fit) and aesthetic desires (natural flesh-looking prosthetics).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-06 Cerac

Milwaukee, Wisconsin, United States

CERAC is a manufacturer of small quantities of less common, known purity, inorganic chemicals. Today, CERAC offers over 2,000 stock items in quantities ranging from one gram to thousands of kilograms.Materion Advanced Chemicals (formerly knowns as CERAC and Academy of Williams Advanced Materials)

Sell $25M