M&A Deal Summary

Middleby Acquires Stewart Systems

On September 7, 2012, Middleby acquired machinery company Stewart Systems

Acquisition Highlights
  • This is Middleby’s 13th transaction in the Machinery sector.
  • This is Middleby’s 9th transaction in the United States.
  • This is Middleby’s 2nd transaction in Texas.

M&A Deal Summary
Date 2012-09-07
Target Stewart Systems
Sector Machinery
Buyer(s) Middleby
Deal Type Add-on Acquisition

Target

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.

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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 16 of 74
Sector (Machinery) 13 of 36
Type (Add-on Acquisition) 15 of 68
State (Texas) 2 of 3
Country (United States) 9 of 45
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 Baker Thermal Solutions

Clayton, North Carolina, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 Nieco

Windsor, California, United States

Nieco Corp. is a manufacturer of automatic broilers for the commercial foodservice industry.

Buy -
Mergr

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