26North Acquires Majority Stake in Middleby's Residential Kitchen Business; Rebrands as Composition Brands

LYNX Franchising Invests in Outdoor Living Brands

September 15, 2021

Professional Services

LYNX Franchising, a portfolio company of MidOcean Partners, has invested in Outdoor Living Brands to expand LYNX's offerings from commercial franchise services into residential home services. Outdoor Living Brands — owner of Archadeck, Outdoor Lighting Perspectives and Conserva Irrigation — will serve as LYNX's residential platform; Outdoor Living CEO Chris Grandpre will move to the LYNX board while Scott Zide remains leading the brands.

The Middleby Corporation Acquires Masterbuilt (Kamado Joe) and Char-Griller

December 27, 2021

Manufacturing

The Middleby Corporation (NASDAQ: MIDD) completed the acquisition of Masterbuilt Holdings, LLC — including the Kamado Joe and Masterbuilt residential outdoor brands — and also closed the acquisition of Char-Griller. The additions expand Middleby Residential’s product portfolio and distribution footprint, growing the platform to more than $1 billion in revenues and creating synergies across manufacturing, supply chain and distribution.

The Middleby Corporation Acquires Imperial Commercial Cooking Equipment

September 24, 2021

Manufacturing

The Middleby Corporation (NASDAQ: MIDD) has acquired Imperial Commercial Cooking Equipment, a Corona, California-based manufacturer of commercial ranges, fryers, ovens and countertop equipment with approximately $40 million in annual revenue. The deal expands Middleby’s core cooking portfolio, enhances manufacturing capabilities, and broadens the company’s West Coast footprint and service to fast-casual and chain restaurant customers.

The Middleby Corporation Acquires Belgian Appliance Manufacturer Novy

July 12, 2021

Manufacturing

The Middleby Corporation announced the acquisition of Novy, a Belgian manufacturer of premium residential ventilation hoods and cooktops, with Novy generating approximately $90 million in annual sales and EBITDA margins above 20%. The purchase (previously Novy was owned by Sofindev) expands Middleby's residential built-in cooking portfolio and boosts its international presence, with plans to accelerate Novy's introductions into the U.S. and U.K. markets.

Electrolux Professional Acquires Unified Brands

October 12, 2021

Food & Beverage

Electrolux Professional AB (publ) has agreed to acquire Unified Brands Inc. and related assets from Dover Corporation for approximately SEK 2,140m (about USD 244m) on a cash- and debt-free basis. The deal — expected to close in Q4 2021 subject to regulatory approvals — strengthens Electrolux Professional's presence in the United States and expands its foodservice equipment portfolio while Unified Brands' management will remain in place.

Middleby Corporation Acquires Escher Mixers

November 10, 2022

Manufacturing

The Middleby Corporation (NASDAQ: MIDD) acquired Escher Mixers, a Vicenza, Italy–based designer and manufacturer of spiral and planetary mixers for the industrial baking industry. The acquisition expands Middleby’s industrial baking platform and adds automated dough-handling and mixing capabilities to offer full-line integrated solutions for commercial and artisanal bakery customers.