Core Viewpoint - The Middleby Corporation (MIDD) has entered into an agreement for affiliates of 26North Partners to acquire a 51% controlling interest in its Residential Kitchen business, valuing the segment at $885 million [1] Company Summary - Middleby will retain a 49% non-controlling interest in the newly formed standalone entity [1]

Core Viewpoint - The Middleby Corporation has entered into a definitive agreement to sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP, valuing the business at $885 million [1] Group 1 - Following the transaction, Middleby will retain a 49% non-controlling interest in a new standalone joint venture that will hold the Residential Kitchen business [1] - The transaction will provide Middleby with upfront cash [1]