The company is in the process of changing its focus, and on December 4 announced that it is selling a 51% stake in its Residential Kitchen business to affiliates of the investment platform 26North Partners LP. The deal will allow Middleby to focus on commercial foodservice equipment as a core business. The transaction is valued at $885 million and is expected to be completed during 1H26.Middleby is a $7.5 billion company, and generated $3.88 billion in total revenue last year – a testament to the centrality ...