M&A Deal Summary

Middleby Acquires Concordia Beverage Systems

On September 8, 2014, Middleby acquired machinery company Concordia Beverage Systems from Swiftsure Capital

Acquisition Highlights
  • This is Middleby’s 18th transaction in the Machinery sector.
  • This is Middleby’s 14th transaction in the United States.
  • This is Middleby’s 1st transaction in Washington.

M&A Deal Summary

Date 2014-09-08
Target Concordia Beverage Systems
Sector Machinery
Buyer(s) Middleby
Sellers(s) Swiftsure Capital
Deal Type Add-on Acquisition

Target

Concordia Beverage Systems

Renton, Washington, United States
Concordia Beverage Systems engages in designing, developing, and assembling a company of automated espresso machines. Concordia Beverage Systems was formed in 1990 and is based in Renton, Washington.

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Buyer(S) 1

Buyer

Middleby

Elgin, Illinois, United States

Category Company
Founded 1888
Sector Manufacturing
Employees10,616
Revenue 3.9B USD (2024)
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 23 of 77
Sector: Machinery M&A 18 of 37
Type: Add-on Acquisition M&A Deals 22 of 70
State: Washington M&A 1 of 3
Country: United States M&A 14 of 46
Year: 2014 M&A 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 U-Line

Milwaukee, Wisconsin, United States

U-Line Corp. is a manufacturer of branded, undercounter ice making and refrigeration appliances sold through a national network of wholesale distributors which in turn sell to high-end residential and commercial appliance dealers and retailers.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Swiftsure Capital is an investment and advisory firm focused on helping companies with fund-raising, business strategy, and mergers and acquisitions. For its investment activity, Swiftsure targets opportunities in a variety of sectors throughout the Northwest US. Swiftsure Capital was established in 2006 and is based in Seattle, Washington.


DEAL STATS #
Overall 2 of 5
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: Washington M&A 1 of 4
Country: United States M&A 2 of 5
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Newport Business Media

Schaumburg, Idaho, United States

Newport Business Media is a magazine publisher concentrated on Heavy Duty Trucking, sets the gold standard of the trucking industry with the largest circulation and broad recognition of its superb editorial content.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Quantum Windows and Doors

Everett, Washington, United States

Quantum Windows and Doors is a manufacturer of custom architectural wood windows and doors. Quantum Windows and Doors was formed in 1982 and is based in Everett, Washington.

Buy -