M&A Deal Summary

Middleby Acquires Taylor

On May 18, 2018, Middleby acquired machinery company Taylor from UTC Climate Controls & Security Systems for 1.0B

Acquisition Highlights
  • This is Middleby’s 26th transaction in the Machinery sector.
  • This is Middleby’s 6th largest (disclosed) transaction.
  • This is Middleby’s 25th transaction in the United States.
  • This is Middleby’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2018-05-18
Target Taylor
Sector Machinery
Buyer(s) Middleby
Sellers(s) UTC Climate Controls & Security Systems
Deal Type Divestiture
Deal Value 1.0B

Target

Taylor

Rockton, Illinois, United States
Taylor Co. is a provider of beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines, and automated double-sided grills. Taylor is based in Rockton, Illinois.

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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 44 of 74
Sector (Machinery) 26 of 36
Type (Divestiture) 4 of 5
State (Illinois) 3 of 4
Country (United States) 25 of 45
Year (2018) 6 of 9
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 Josper S.A.

Barcelona, Spain

Josper S.A. is a manufacturer of charcoal grill and oven cooking equipment for commercial foodservice and residential applications. Josper is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 M-TEK

Elgin, Illinois, United States

M-TEK, Inc. is a manufacturer of Modified Atmosphere Packing (MAP) systems. MAP process removes the oxygen content from inside of a package to improve the shelf life of food. M-TEK offers a range of single, multiple and continuous operating models. M-TEK, Inc. is based in Elgin, Illinois.

Buy -

Seller(S) 1

SELLER

UTC Climate Controls & Security Systems

Farmington, Connecticut, United States
Category Company
Sector Machinery
DESCRIPTION

UTC Building & Industrial Systems is a provider of building technologies. Its elevator, escalator, fire safety, security, building automation, heating, ventilation, air conditioning and refrigeration systems and services promote integrated, high performance buildings that are safer, smarter and sustainable. UTC Building & Industrial Systems is a unit of United Technologies Corp.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Wipro EcoEnergy

East Brunswick, New Jersey, United States

Wipro EcoEnergy is an energy management solutions company that optimizes customers' energy consumption by analyzing insights gained from their software-as-a-service platform, big data analytics and domain-centric people and processes.

Buy -
Mergr

Product

Company

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