Seale & Associates advises Electrolux Professional on the acquisition of Unified Brands from Dover Corporation
Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Electrolux Professional (STO: EPRO B) on the US$244 million acquisition of Unified Brands Inc., a leading U.S.-based manufacturer of foodservice equipment, from Dover Corporation (NYSE: DOV), a diversified global manufacturer and solutions provider. Electrolux Professional is one of the leading global providers of foodservices, beverage, and laundry solutions, serving a wide range of customers globally, from restaurants and hotels to healthcare, educational and other service facilities. The acquisition will significantly strengthen Electrolux Professional's presence in the U.S. market and bolster their food service business segment with an extensive portfolio of premium branded product lines for commercial kitchens. The transaction is expected to close during the fourth quarter of 2021, subject to regulatory approvals.
"We appreciate the opportunity to advise Electrolux Professional on this transformational acquisition in the foodservice industry," said Carlos Hernandez, Managing Director, Seale & Associates.
About Electrolux Professional. Electrolux Professional is one of the leading global providers of foodservice, beverage, and laundry for professional users. Their solutions and products are manufactured in 11 plants in seven countries and sold in over 110 countries. In 2020, Electrolux Professional had global sales of SEK 7.3 billion and approximately 3,500 employees. For more information, please visit www.electroluxprofessional.com.
About Unified Brands. Unified Brands, founded in 1907, has approximately 600 employees and is based in Conyers, Georgia. The company offers cooking equipment, refrigeration, ware-washing systems, conveyors, ventilation, utility distribution, cook-chill, and meal distribution systems under the Groen, Randell, Avtec, Power Soak, and CapKold brands. For more information, please visit www.unifiedbrands.net.
About Dover Corporation. Dover Corporation is a diversified global manufacturer and solutions provider with annual revenue of approximately US$7 billion. It delivers equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services to a variety of industries. The company employs over 24,000 people and is headquartered in Downers Grove, Illinois. For more information, please visit www.dovercorporation.com.
About Seale & Associates. Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. For more information, please visit www.sealeassociates.com.