M&A Deal Summary

Middleby Acquires Baker Thermal Solutions

On March 13, 2012, Middleby acquired machinery company Baker Thermal Solutions

Acquisition Highlights
  • This is Middleby’s 12th transaction in the Machinery sector.
  • This is Middleby’s 8th transaction in the United States.
  • This is Middleby’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2012-03-13
Target Baker Thermal Solutions
Sector Machinery
Buyer(s) Middleby
Deal Type Add-on Acquisition
Advisor(s) Variant Capital Advisors LLC (Financial)

Target

Baker Thermal Solutions

Clayton, North Carolina, United States
Baker Thermal Solutions designs, manufactures, and supplies industrial bakery equipment in the United States and internationally.

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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 15 of 74
Sector (Machinery) 12 of 36
Type (Add-on Acquisition) 14 of 68
State (North Carolina) 2 of 3
Country (United States) 8 of 45
Year (2012) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 Turkington USA

Clayton, North Carolina, United States

Turkington USA LLC is a manufacturer of automated baking equipment for the food processing industry located in North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-07 Stewart Systems

Plano, Texas, United States

Stewart Systems, Inc. is a manufacturer of baking systems for the food processing industry. Stewart Systems is a long-standing and well-recognized leader in the production of highly automated proofing and oven systems for the baking industry.

Buy -
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