The Middleby Corporation acquired Kamado Joe / Masterbuilt (Masterbuilt Holdings, LLC) for approximately $400.7 million, a transaction completed in December 2021, structured as combination (cash and stock).
Kamado Joe / Masterbuilt (Masterbuilt Holdings, LLC) operates in Residential Kitchen. Masterbuilt Holdings and its residential outdoor brands Kamado Joe and Masterbuilt are a leader in outdoor residential cooking, located in the Atlanta, Georgia area. The purchase price included $403.6 million in cash and Middleby common stock.
Expanded Middleby's fast-growing Residential Kitchen platform into the large outdoor cooking category with two leading consumer brands.
Advisory firms were not disclosed for this transaction.