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09.03.26 - 12:48
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AeriTek Acquires Federal Industries, Significantly Bolstering U.S. Presence (Business Wire)
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KENNESAW, Ga.--(BUSINESS WIRE)--AeriTek Global Holdings LLC ("AeriTek"), a portfolio company of Mill Point Capital LLC ("Mill Point Capital"), announced today the acquisition of Federal Industries, LLC ("Federal") in a carve-out transaction from Standex International Corporation (NYSE: SXI). Federal is a leading U.S.-based manufacturer of refrigerated, heated and ambient food and beverage merchandising display cases serving customers across a diverse set of foodservice end markets including convenience stores, schools, specialty retail and restaurants. The acquisition of Federal represents a significant milestone for AeriTek, deepening its footprint in the U.S. foodservice market and adding domestic manufacturing capabilities.
The addition of Federal strengthens AeriTek's position in the high-growth U.S. foodservice channel, adding an expansive network of dealer relationships and a national go-to-market infrastructure. Federal's vertically integrated manufacturing facility ...
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09.03.26 - 12:33
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STANDEX ANNOUNCES DIVESTITURE OF FEDERAL INDUSTRIES TO AERITEK (PR Newswire)
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Divestiture supports continued simplification of portfolio Enables greater focus on larger businesses and fast growth end market opportunities Proceeds to be used towards organic and inorganic initiatives and debt repayment SALEM, N.H., March 9, 2026 /PRNewswire/ -- Standex International......
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