M&A Deal Summary

Middleby Acquires Masterbuilt Manufacturing

On December 6, 2021, Middleby acquired consumer products company Masterbuilt Manufacturing from Dominus Capital for 385M USD

Acquisition Highlights
  • This is Middleby’s 5th transaction in the Consumer Products sector.
  • This is Middleby’s largest (disclosed) transaction.
  • This is Middleby’s 38th transaction in the United States.
  • This is Middleby’s 1st transaction in Georgia.

M&A Deal Summary

Date 2021-12-06
Target Masterbuilt Manufacturing
Sector Consumer Products
Buyer(s) Middleby
Sellers(s) Dominus Capital
Deal Type Add-on Acquisition
Deal Value 385M USD

Target

Masterbuilt Manufacturing

Columbus, Georgia, United States
Masterbuil Manufacturing is a designer and marketer of outdoor cooking appliances. Masterbuilt provides a full offering of branded smokers, fryers, grills, and other accessories in electric, propane, and charcoal varieties. Masterbuilt Manufacturing was founded in 1973 and is based in Columbus, Georgia.

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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 60 of 73
Sector (Consumer Products) 5 of 7
Type (Add-on Acquisition) 54 of 67
State (Georgia) 1 of 2
Country (United States) 38 of 45
Year (2021) 3 of 4
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Imperial Range

Corona, California, United States

Imperial Range is a manufacturer of ranges, fryers, ovens, countertop equipment, and other specialty cooking products for the commercial kitchen. Imperial Range was established in 1957 and is based in Corona, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Char-Griller

Sea Island, Georgia, United States

Char-Griller engages in making quality grills, smokers, and accessories, that are affordable for the hardworking families that buy them. Char-Griller is based in Sea Island, Georgia.

Buy -

Seller(S) 1

SELLER

Dominus Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 410M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dominus Capital is a private equity firm that targets middle market companies throughout North America. The Firm focuses on companies with defensible market positions, strong free cash flows and margins, untapped growth potential, and 'exceptional' management. Dominus seeks companies generating EBITDA of at least $10 million. Areas of interest include building products, business services, consumer products and services, distribution, food production and services, light manufacturing, restaurants, specialty chemicals and specialty retail. Dominus will consider a variety of transactions types, including buyouts and recapitalizations. Dominus Capital was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 9 of 10
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Georgia) 3 of 3
Country (United States) 9 of 10
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Cincinnati Fan

Mason, Ohio, United States

Cincinnati Fan is a manufacturer of industrial fans and air moving solutions for OEM applications across a diverse range of industries. Cincinnati Fan offers reliable, short lead-times on built-to-order industrial fans and blowers, which can be customized to meet end-users' specifications. Primary products include centrifugal fans and blowers, axial fans, portable fume exhausters, and other highly-engineered solutions. Cincinnati Fan was formed in 1956 and is based in Mason, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Uptime Institute

New York, New York, United States

Uptime Institute is a data center design, construction, and operations certification and consulting. Uptime Institute was founded in 1993 and is based in New York.

Buy -