About This Deal

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.

Deal Terms

Acquirer
The Middleby Corporation
Target
The Taylor Company
Value
Approximately $1.0 billion
Date
June 2018
Type
Full acquisition
Status
Ready

Transaction Details

Segment
Commercial Foodservice
Structure
All cash
Announced
May 18, 2018
Closed
June 22, 2018

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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