The Middleby Corporation acquired The Taylor Company for approximately $1.0 billion, a transaction completed in June 2018, structured as all cash.
The Taylor Company operates in Commercial Foodservice. Taylor is a world leader in beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines and automated double-sided grills, located in Rockton, Illinois. Middleby acquired it from UTC Climate, Controls & Security, a unit of United Technologies. It is Middleby's largest completed acquisition.
Added a market-leading beverage and cooking platform and one of the most recognized brands in commercial foodservice, deepening Middleby's presence with major quick-service restaurant chains.
Advisory firms were not disclosed for this transaction.