Imperial Manufacturing Company
The Middleby Corporation (“Middleby”) has acquired 100% of the equity of Imperial Commercial Cooking Equipment (“Imperial”), a Corona, CA-based manufacturer of commercial cooking equipment including ranges, fryers, ovens, countertop equipment and other specialty cooking products. Imperial serves a broad and diverse array of end-users, including restaurants, hotels, casinos, universities, schools, sports & entertainment arenas and other institutional customers throughout the United States and certain international markets.
Since its founding in 1957, Imperial has generated more than $1 billion in sales worldwide and is known for its high-quality American-made commercial cooking equipment.
“I am thankful for the extraordinary efforts by Hexagon Capital Alliance. Hexagon obtained a very high valuation and handled all aspects of the transaction professionally. Furthermore, the Hexagon team managed the process so we could close in 40 days from the Letter of Intent.” said Peter Spenuzza, CEO and owner of Imperial.
Tim Fitzgerald, Middleby CEO, said “We are excited to realize the many synergies between the companies. Imperial has impressive manufacturing capabilities, which will provide potential for greater efficiencies and flexibility to our commercial foodservice platform. Working with our long-standing international distribution partners, Imperial has a prime opportunity to expand its global reach. Imperial also has an established presence in the quickly growing fast-casual chain restaurant segment, which will be a benefit to the Middleby brands as well.”
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.
About Hexagon Capital Alliance
Hexagon Capital Alliance LLC (“HCA”) is an Orange County, CA-based middle-market investment banking firm providing mergers & acquisitions, capital raise and strategic advisory services. Founded in 1999 and previously known as Moss Adams Capital LLC, HCA spun-out from parent Moss Adams LLP and rebranded effective January 1, 2021.
HCA professionals have 120 years of combined middle-market experience and have completed more than 300 transactions in Consumer, Industrial, Healthcare and B2B sectors.
For more information, please visit www.hexagoncapitalalliance.com