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Naks, Inc. Announces The Acquisition Of Stainless Specialties, Inc.

Nov 21, 2023•about 2 years ago

Acquiring Company

North American Kitchen Solutions (NAKS)

Acquired Company

Stainless Specialties

ClevelandWausau

Description

North American Kitchen Solutions, Inc. ("NAKS"), a leading foodservice equipment manufacturer headquartered in Elyria, OH (Cleveland), is pleased to announce the acquisition of Stainless Specialties, Inc. ("SSI"), an Eastlake, OH (Cleveland) based custom fabricator of high-quality stainless-steel equipment used in restaurants and other commercial environments.

Company Information

Company

North American Kitchen Solutions (NAKS)

Location

Cleveland, Ohio, United States

About

North American Kitchen Solutions, Inc. (NAKS) is a leading provider of innovative foodservice equipment solutions. NAKS, established in 1987, specializes in designing and manufacturing ventilation systems and custom-fabricated workspaces for the large and growing commercial cooking industry. It is a portfolio company of Dallas, TX-based Valesco Industries, a private equity firm focusing on controlling and non-control investments in select growth-oriented small- and lower-middle-market businesses engaged in manufacturing, distribution, and business-to-business services.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed