Genesis Capital is pleased to announce that QualServ Solutions, LLC (“QualServ”), has been acquired by The Middleby Corporation (NASDAQ: MIDD). QualServ, based in Fort Smith, AR, is a global commercial kitchen design, manufacturing, engineering, project management and equipment solutions provider with annual revenues of $100 million.
Allen Capsuto, Chairman of the Board of QualServ, said “We are pleased QualServ is joining the Middleby family of leading brands and are grateful to Genesis Capital, whose advice and skill was instrumental in such a successful outcome.” Genesis Capital, LLC served as financial advisor to QualServ.
“QualServ is a respected industry leader providing a unique set of services and equipment solutions for the commercial foodservice equipment industry. This acquisition expands the Middleby product offerings to include kitchen fabrication, and will allow us to provide integrated equipment solutions with our existing portfolio of brands and products,” said Selim A. Bassoul, Chairman and CEO of Middleby. “The addition of QualServ will also enable us to further expand the services we provide to our global restaurant chain customers. These customers want logistical and engineering solutions in both the back and front of the restaurant and with QualServ we have the ability to provide advanced data analytics and broader services beyond equipment sales. QualServ has grown substantially over the past few years and combined with Middleby we anticipate growth through expansion of their capabilities into international markets by leveraging Middleby’s global footprint.”
About QualServ Solutions, LLC
QualServ provides a unique “Store-in-a-Box” solution by offering a comprehensive spectrum of services and capabilities to meet the specific needs of its clients. QualServ provides comprehensive design, manufacturing, engineering, project management and equipment solutions globally to the foodservice, retail, and convenience store industries. Centrally located Fort Smith, Arkansas, QualServ Solutions operates out of a 440,000 square foot facility. The Company is listed as number 18 in the top 100 food service equipment and supplies dealers by Food Service Equipment & Supplies magazine in their “2017 Distribution Giants” rankings.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company's leading equipment brands serving the commercial foodservice industry include Anets®, Bear Varimixer®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®, CookTek®, CTX®, Desmon®, Doyon®, Eswood®, frifri®, Follett®, Giga®, Goldstein®, Holman®, Houno®, IMC®, Induc®, Jade®, Lang®, Lincat®, MagiKitch'n®, Market Forge®, Marsal®, Middleby Marshall®, MPC®, Nieco®, Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Sveba Dahlen®, Toastmaster®, TurboChef®, Wells® and Wunder-Bar®. The company’s leading equipment brands serving the food processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal Solutions®, Burford®, Cozzini®, CVP Systems®, Danfotech®, Drake®, Glimek®, Maurer-Atmos®, MP Equipment®, RapidPak®, Spooner Vicars®, Stewart Systems® and Thurne®. The company’s leading equipment brands serving the residential kitchen industry include AGA®, AGA Cookshop® Brigade®, Fired Earth®, Grange®, Heartland®, La Cornue®, Leisure Sinks®, Lynx®, Marvel®, Mercury®, Rangemaster®, Rayburn®, Redfyre®, Sedona®, Stanley®, Turbochef®, U-Line® and Viking®.