About This Deal

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, is based in Atlanta, Georgia area. 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.

Deal Terms

Acquirer
The Middleby Corporation
Target
Kamado Joe / Masterbuilt (Masterbuilt Holdings, LLC)
Value
Approximately $400.7 million
Date
December 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Atlanta, Georgia area
Segment
Residential Kitchen
Structure
Combination (cash and stock)
Closed
December 27, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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