The Middleby Corporation acquired Cooking Solutions Group (from Standex International) for approximately $106.1 million, a transaction completed in April 2019, structured as all cash. The deal was a Carve-out.
Cooking Solutions Group (from Standex International) operates in Commercial Foodservice. Middleby acquired Cooking Solutions Group, Inc. from Standex International Corporation, consisting of the brands APW Wyott, Bakers Pride, BKI and Ultrafryer, serving the commercial foodservice industry.
Added several established commercial cooking and warming brands via a carve-out from Standex.
Advisory firms were not disclosed for this transaction.