Mill Point Capital Completes Acquisition of AeriTek Global LLC
Mill Point Capital has completed its acquisition of AeriTek Global from FEMSA (NYSE: FMX) through a corporate carve-out transaction. The deal involves FEMSA's commercial refrigeration and foodservice equipment businesses, operating as Imbera and Torrey. This transaction establishes AeriTek as an independent manufacturer, designer, and distributor of commercial refrigeration and foodservice equipment products. Mill Point Capital, based in New York City, has demonstrated expertise in complex transactions, having completed 17 corporate divestitures.
Mill Point Capital ha completato l'acquisizione di AeriTek Global da FEMSA (NYSE: FMX) tramite una transazione di carve-out aziendale. L'accordo coinvolge le attività di refrigerazione commerciale e di attrezzature per servizi di ristorazione di FEMSA, operando come Imbera e Torrey. Questa transazione stabilisce AeriTek come produttore, progettista e distributore indipendente di prodotti per la refrigerazione commerciale e per l'attrezzatura per servizi di ristorazione. Mill Point Capital, con sede a New York City, ha dimostrato una notevole esperienza in transazioni complesse, avendo completato 17 dismissioni aziendali.
Mill Point Capital ha completado su adquisición de AeriTek Global de FEMSA (NYSE: FMX) a través de una transacción de carve-out corporativo. El acuerdo involucra los negocios de refrigeración comercial y equipos de servicio de alimentos de FEMSA, operando como Imbera y Torrey. Esta transacción establece a AeriTek como un fabricante, diseñador y distribuidor independiente de productos de refrigeración comercial y equipo de servicio de alimentos. Mill Point Capital, con sede en la ciudad de Nueva York, ha demostrado experiencia en transacciones complejas, habiendo completado 17 desinversiones corporativas.
밀 포인트 캐피탈은 AeriTek Global을 FEMSA (NYSE: FMX)로부터 기업 분할 거래를 통해 인수 완료했습니다. 이번 거래는 FEMSA의 상업용 냉장 및 식품 서비스 장비 사업인 임베라(Imbera)와 토레(Torrey)를 포함합니다. 이 거래는 AeriTek을 상업용 냉장 및 식품 서비스 장비 제품의 독립적인 제조업체, 디자이너 및 유통업체로서 설정합니다. 뉴욕시에 본사를 둔 밀 포인트 캐피탈은 17건의 기업 매각을 완료하며 복잡한 거래에 대한 전문성을 입증했습니다.
Mill Point Capital a finalisé son acquisition de AeriTek Global auprès de FEMSA (NYSE: FMX) à travers une transaction de carve-out d'entreprise. L'accord implique les activités de réfrigération commerciale et d'équipements de service alimentaire de FEMSA, opérant sous les noms Imbera et Torrey. Cette transaction établit AeriTek comme un fabricant, concepteur et distributeur indépendant de produits de réfrigération commerciale et d'équipements de service alimentaire. Mill Point Capital, basé à New York, a démontré son expertise dans des transactions complexes, ayant finalisé 17 désinvestissements d'entreprise.
Mill Point Capital hat den Erwerb von AeriTek Global von FEMSA (NYSE: FMX) durch eine Unternehmensspaltungstransaktion abgeschlossen. Der Deal umfasst die Geschäfte von FEMSA im Bereich kommerzielle Kühlung und Gastronomiegeräte, die unter Imbera und Torrey agieren. Diese Transaktion etabliert AeriTek als unabhängigen Hersteller, Designer und Vertreiber von Produkten für kommerzielle Kühlung und Gastronomiegeräte. Mill Point Capital mit Sitz in New York City hat sich als äußerst kompetent in komplexen Transaktionen erwiesen und dabei 17 Unternehmensveräußerrungen abgeschlossen.
- Successful completion of strategic divestiture for FEMSA
- Establishes AeriTek as an independent entity with focused business operations
- Reduction in FEMSA's business portfolio diversity
- Potential loss of synergies from integrated operations
Insights
The divestiture of Imbera and Torrey marks a strategic move for FEMSA, streamlining its portfolio by offloading non-core businesses. The sale of these commercial refrigeration and foodservice equipment units to Mill Point Capital suggests FEMSA's focus on strengthening its core retail and beverage operations. While the transaction value remains undisclosed, this move aligns with FEMSA's broader strategy of portfolio optimization announced in 2022. The impact on FEMSA's balance sheet and operational efficiency should become clearer in upcoming financial reports. For investors, this transaction represents FEMSA's commitment to simplifying its business structure and potentially improving capital allocation efficiency.
About AeriTek Global
Since its inception in 1941, AeriTek is a trailblazer in the commercial refrigeration and foodservice equipment markets, doing business under the Imbera and Torrey brands. The Company offers an expansive portfolio of highly customized products, setting itself apart through relentless product innovation and pursuit of best-in-class quality. Additionally, AeriTek is an industry leader in sustainability standards and aftermarket services. AeriTek is headquartered in
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout
About FEMSA
FEMSA (NYSE: FMX) is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, a European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates through a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index: S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104550880/en/
Jiaeh Kim
info@millpoint.com
212-416-5800
Source: Mill Point Capital LLC
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