M&A Deal Summary

Middleby Acquires Inline Filling Systems

On December 8, 2020, Middleby acquired machinery company Inline Filling Systems from Mangrove Equity Partners

Acquisition Highlights
  • This is Middleby’s 31st transaction in the Machinery sector.
  • This is Middleby’s 36th transaction in the United States.
  • This is Middleby’s 1st transaction in Florida.

M&A Deal Summary

Date 2020-12-08
Target Inline Filling Systems
Sector Machinery
Buyer(s) Middleby
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition

Target

Inline Filling Systems

Venice, Florida, United States
Inline Filling Systems is a manufacturer of liquid filling and bottling equipment serving the food, pharmaceutical, cosmetic, beverage, and chemical industries. Inline Filling Systems was founded in 1993 and is based in Venice, Florida.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 56 of 74
Sector (Machinery) 31 of 36
Type (Add-on Acquisition) 51 of 68
State (Florida) 1 of 2
Country (United States) 36 of 45
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Wild Goose Filling

Louisville, Colorado, United States

Wild Goose Filling is a designer, manufacturer and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment. Wild Goose Filling is based in Louisville, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 United Foodservice Equipment Group

Zhuhai, China

United Foodservice Equipment Group is a manufacturer of global quality foodservice equipment. United Foodservice Equipment Group was founded in 2001 and is based in Zhuhai, China.

Buy -

Seller(S) 1

SELLER

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $15 to $75 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.


DEAL STATS #
Overall 11 of 12
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (Florida) 1 of 1
Country (United States) 10 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Wild Goose Filling

Louisville, Colorado, United States

Wild Goose Filling is a designer, manufacturer and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment. Wild Goose Filling is based in Louisville, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Hi-Lite Airfield Services

Watertown, New York, United States

Hi-Lite Airfield Services is a provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Hi-Lite offers innovative and sustainable maintenance solutions to support airport operations and safety management and to ensure compliance with stringent FAA and ICAO regulations. Hi-Lite Airfield Services was founded in 1989 and is based in Watertown, New York.

Sell -