The Middleby Corporation acquired Powerhouse Dynamics, Inc., a transaction announced in April 2019, structured as Acquisition.
Powerhouse Dynamics, Inc. operates in Commercial Foodservice, is based in United States. Powerhouse Dynamics is a leader in cloud-based IoT solutions for the foodservice industry, providing connected equipment monitoring and energy management. Middleby acquired it to advance connected-kitchen capabilities.
Adds IoT/connected-kitchen software to Middleby's foodservice platform.
Advisory firms were not disclosed for this transaction.