M&A Deal Summary |
|
|---|---|
| Date | 2007-11-20 |
| Target | Star Manufacturing International |
| Sector | Building Materials |
| Buyer(s) | Middleby |
| Sellers(s) | Weston Presidio |
| Deal Type | Add-on Acquisition |
| Deal Value | 188M USD |
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| Category | Company |
|---|---|
| Founded | 1888 |
| Sector | Manufacturing |
| Employees | 10,722 |
| Revenue | 4.0B USD (2023) |
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 | 2 of 74 |
| Sector (Building Materials) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 68 |
| State (Missouri) | 1 of 2 |
| Country (United States) | 2 of 45 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-12-01 |
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. |
Buy | $27M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-01-05 |
TurboChef Technologies
Carrollton, Texas, United States TurboChef Technologies, Inc. engages in manufacturing of speed-cook technology, one of the fastest growing segments of the commercial foodservice equipment market. TurboChef’s user-friendly speed cook ovens employ proprietary combinations of heating technologies to cook a variety of food products at speeds faster than that of conventional heating methods. Having created the speed cooking category, TurboChef is uniquely positioned to capture the growing demand in this segment. T |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 3.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 52 |
| Sector (Building Materials) | 2 of 3 |
| Type (Add-on Acquisition) | 10 of 23 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 23 of 49 |
| Year (2007) | 5 of 5 |
| Size (of disclosed) | 12 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-03 |
Apple & Eve
Port Washington, New York, United States Apple & Eve is the privately held producer of 100% fruit juice products in the United States. The company offers more than one hundred different juice products sold under a number of brands including Apple & Eve, Apple & Eve Organics, Sesame Street, Northland, and Seneca. The Company’s products are sold through a variety of channels including grocery, club, mass merchandise, convenience and foodservice. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-01 |
Azul Linhas Aereas Brasileiras SA
Barueri, Brazil Azul Linhas Aereas Brasileiras is a Brazilian low-cost airlines. |
Buy | - |
