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New Deal


Announced

Completed

The Jordan Company-backed CFS Brands completed the acquisition of AyrKing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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foodservice equipment

Acquisition

Completed

food preparation equipment

Household Appliance

Private Equity

Single Bidder

United States

Domestic

Majority

Friendly

Private

Synopsis

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The Jordan Company-backed CFS Brands, which manufactures food service products, completed the acquisition of AyrKing, a company that specializes in the engineering and manufacturing of food preparation equipment. Financial terms were not disclosed. "Our entire team is excited to join an industry leader like CFS Brands. AyrKing can now expand its reach and its capabilities to better serve our existing customers, while continuing to pursue new opportunities. Together, we’ll be able to deliver more profit-enhancing results for our customers than ever before," Jim Bell, AyrKing President.

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