The rumor turned out to be true. Middleby is selling their Residential business unit including all their grill brands (Middleby Outdoor) to the investment firm 26North.
Their residential portfolio started with the their acquisition of Viking and they’ve since added 18 more brands. Within that portfolio they added the grill brands Kamado Joe, Masterbuilt, and Char-Griller at the end of 2021 in a $385 million acquisition.
