{"id":933399,"date":"2026-02-02T17:22:33","date_gmt":"2026-02-02T22:22:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/26north-completes-transaction-for-majority-stake-in-middlebys-residential-kitchen-unit-and-rebrands-the-business-as-composition-brands\/"},"modified":"2026-02-02T17:22:33","modified_gmt":"2026-02-02T22:22:33","slug":"26north-completes-transaction-for-majority-stake-in-middlebys-residential-kitchen-unit-and-rebrands-the-business-as-composition-brands","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/26north-completes-transaction-for-majority-stake-in-middlebys-residential-kitchen-unit-and-rebrands-the-business-as-composition-brands\/","title":{"rendered":"26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands"},"content":{"rendered":"

<\/p>\n

26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\n26North Partners LP (\u201c26North\u201d) and The Middleby Corporation (\u201cMiddleby\u201d) (NASDAQ: MIDD) announced that affiliates of 26North completed an acquisition of a controlling interest in Middleby\u2019s Residential Kitchen business. Middleby will retain a significant non-controlling ownership stake as part of the joint venture. Upon closing, the business has been rebranded as Composition Brands, marking its next chapter as an independent platform of iconic premium and ultra-luxury residential kitchen and outdoor living brands.<\/p>\n

\nComposition Brands is home to a curated collection of category-defining names, including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line. The new identity reflects a portfolio united by craftsmanship, thoughtful design and dependable performance, while preserving the individuality and heritage that have defined these brands for generations.<\/p>\n

\n\u201cAlongside the management team and Middleby, we\u2019ve started the work needed to ensure Composition reaches its full potential as a standalone company,\u201d said 26North Partner and Head of Private Equity Mark Weinberg. \u201cOur focus is straightforward: support these market-leading brands with the resources, operating rigor and long-term perspective to strengthen performance and customer experience over time.\u201d<\/p>\n

\nSince signing the transaction, 26North has worked closely with Middleby and the Composition Brands leadership team through an extensive transition and planning process focused on continuity for employees, partners and customers, while establishing a strong foundation for the company\u2019s next phase of ambitious growth.<\/p>\n

\nComposition Brands will continue supporting partners across the residential ecosystem, including dealers, designers, architects and homeowners, with products and experiences shaped by design leadership, attentive service and uncompromising quality.<\/p>\n

\n\u201cOperating as an agile, independent company sets a higher standard for excellence,\u201d said Composition Brands\u2019 Chief Executive Officer Brody Connolly. \u201cWe can move faster to strengthen product performance, accelerate innovation and build shared capabilities that elevate every brand in the portfolio. That clarity of purpose will help us shape the next generation of luxury residential kitchens and outdoor living.\u201d<\/p>\n

About 26North<\/b><\/p>\n

\n26North Partners LP is an integrated, multi-asset-class investment platform founded by Josh Harris that provides investment advice and opportunities to its clients across private equity, credit, insurance and reinsurance strategies.<\/p>\n

\nThe 26North team brings decades of experience managing third-party capital to help clients achieve their financial goals while making a lasting impact on the communities in which they operate.<\/p>\n

\nSince launching in 2022, 26North has grown to over $32 billion in assets under management.<\/p>\n

About Composition Brands<\/b><\/p>\n

\nComposition Brands is an independent residential kitchen and outdoor living platform, home to a curated portfolio of premium and ultra-luxury brands. The company\u2019s portfolio includes Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line.<\/p>\n

\nComposition Brands is committed to the long-term stewardship of distinctive brands defined by craftsmanship, thoughtful design and dependable performance, and to supporting partners across its ecosystem, including dealers, designers, architects, and homeowners. For more information on Composition Brands, please visit https:\/\/compositionbrands.com\/<\/a>.<\/p>\n

About Middleby<\/b><\/p>\n

\nThe Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, industrial baking and protein Innovation Centers for food processing solutions. For more information about Middleby, please visit www.middleby.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260202412606\/en\/<\/a><\/span><\/p>\n

\nFor 26North
\n
Cristina Alesci
\n
Managing Director
\n
917 692 2110
\n
calesci@26n.com
\n<\/a><\/p>\n

For The Middleby Corporation:
\n
Investors:
\n
Rebecca Ellin
\n
SVP of Investor Strategy and Corporate Development
\n
rellin@middleby.com
\n<\/a><\/p>\n

Media:
\n
Darcy Bretz
\n
VP of Corporate Communications
\n
dbretz@middleby.com
\n<\/a><\/p>\n

Kate Schneiderman
\n
Managing Director
\n
ICR
\n
Kate.Schneiderman@icrinc.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Finance Specialty Professional Services Luxury Manufacturing Retail Business<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands NEW YORK–(BUSINESS WIRE)– 26North Partners LP (\u201c26North\u201d) and The Middleby Corporation (\u201cMiddleby\u201d) (NASDAQ: MIDD) announced that affiliates of 26North completed an acquisition of a controlling interest in Middleby\u2019s Residential Kitchen business. Middleby will retain a significant non-controlling ownership stake as part of the joint venture. Upon closing, the business has been rebranded as Composition Brands, marking its next chapter as an independent platform of iconic premium and ultra-luxury residential kitchen and outdoor living brands. Composition Brands is home to a curated collection of category-defining names, including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line. The new identity reflects a portfolio united by … <\/p>\n

Continue reading “26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933399","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/26north-completes-transaction-for-majority-stake-in-middlebys-residential-kitchen-unit-and-rebrands-the-business-as-composition-brands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"26North Completes Transaction for Majority Stake in Middleby\u2019s Residential Kitchen Unit and Rebrands the Business as Composition Brands NEW YORK–(BUSINESS WIRE)– 26North Partners LP (\u201c26North\u201d) and The Middleby Corporation (\u201cMiddleby\u201d) (NASDAQ: MIDD) announced that affiliates of 26North completed an acquisition of a controlling interest in Middleby\u2019s Residential Kitchen business. 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