M&A Deal Summary

Middleby Acquires U-Line

On November 12, 2014, Middleby acquired manufacturer U-Line from Linsalata Capital Partners

Acquisition Highlights
  • This is Middleby’s 2nd transaction in the Manufacturing sector.
  • This is Middleby’s 15th transaction in the United States.
  • This is Middleby’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2014-11-12
Target U-Line
Sector Manufacturing
Buyer(s) Middleby
Sellers(s) Linsalata Capital Partners
Deal Type Add-on Acquisition

Target

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.

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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 24 of 74
Sector (Manufacturing) 2 of 16
Type (Add-on Acquisition) 23 of 68
State (Wisconsin) 2 of 3
Country (United States) 15 of 45
Year (2014) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Concordia Coffee Systems

Redmond, Washington, United States

Concordia Coffee Systems, Inc. is a manufacturer of automated and self-service coffee and espresso machines serving the commercial foodservice industry. Concordia has a highly innovative lineup of products that serve the needs of a wide array of convenience store, hotel, restaurant chain, and institutional customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Desmon

Nusco, Italy

Desmon S.p.A. engages in chilling and freezing technologies, Desmon products include blast chillers and refrigeration for the commercial kitchen. The company’s products are known for their advanced insulation technology and energy efficiency.

Buy -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.


DEAL STATS #
Overall 31 of 41
Sector (Manufacturing) 6 of 7
Type (Add-on Acquisition) 17 of 21
State (Wisconsin) 1 of 1
Country (United States) 31 of 41
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 The Home Decor Company

Austin, Texas, United States

The Home Decor Company operates state-of-the-art manufacturing facilities in Germany and the U.S. and maintains strong relationships with leading Asian manufacturers across its home décor offerings. The Home Decor Company was formed in 1979 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Excell Marketing and Procurement Group

Denver, Colorado, United States

Excell Marketing and Procurement Group LLC is the premier nationwide buying group of foodservice equipment and supplies members. Excell has more than 125 dealers in 42 states and one of the largest vendor program offerings in the industry.

Buy -