Auctus Capital Partners acted as strategic advisor to EVO America, supporting its acquisition by strategic buyer The Middleby Corporation. The transaction was led by Auctus Capital Partners and its Managing Director William Allen.
“It was a pleasure working with the executive leadership teams of both companies, from strategic planning with EVO at the onset to meeting each company’s expectations in completing this transaction,” said Allen.
EVO is a leading designer and manufacturer of display cooktops, ventless cooking surfaces and premium outdoor grills. Its cooktops and grills are used by restaurants, sports arenas, hotels, corporate cafeterias, convention centers, resorts, grocery stores and other similar venues.
“This transaction enables EVO to enter a new era of growth, helping put its intellectual property to work and continue innovating for its diverse customer base,” Allen said. “For Middleby, this acquisition expands its product offerings in the ventless cooking space and helps diversify its position in the commercial foodservice industry while also adding EVO’s experienced and talented management team.”
Prior to the EVO America transaction, Middleby completed the $1 billion acquisition of Taylor Company, in addition to adding several other food service companies to its portfolio in 2018.
Terms of the acquisition were not disclosed.
Auctus Capital Partners is a multi-faceted financial group specializing in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation and strategic consulting.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!