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Citizens Advises North American Kitchen Solutions on its Acquisition by Valesco Industries

November 18, 2022, 07:00 AM
Filed Under: HVAC

Citizens M&A Advisory served as the exclusive financial advisor to North American Kitchen Solutions, Inc., a portfolio company of Weinberg Capital Group, on its acquisition by Valesco Industries, LLC.

Founded in 1987 and headquartered in Elyria, OH, NAKS is the leading omnichannel, factory-direct one-stop-shop supplier of customized commercial kitchen hoods, fire suppression systems, fans and other complementary products. During Weinberg Capital’s ownership, the company successfully executed on multiple key initiatives to triple its size and create an HVAC-focused custom commercial kitchen platform. In addition to brick-and-mortar kitchen equipment, the company maintains a market-leading position for food truck ventilation systems. Now a nationally recognized brand, the company’s strong management team and exceptional digital marketing platform further position NAKS for continued growth within the industry.

Chief Executive Officer of North American Kitchen Solutions Sacha Polakoff said: “Alex Teeter and the Citizens M&A Advisory team were terrific partners and advisors. Citizens assisted us in articulating our complex business model, market position, compelling value proposition and growth strategy for premium positioning with potential buyers.”

Managing Partner at Weinberg Capital Chip Weinberg Jr. said: “The Citizens team did a fantastic job managing the NAKS process on behalf of the company and Weinberg Capital. They demonstrated a thorough understanding of the business and the market and drove a high-touch, competitive, accelerated process and achieved a great result for the NAKS team and shareholders.”

Managing Director at Citizens M&A Advisory Alex Teeter said: “We were thrilled to advise NAKS and Weinberg Capital in this milestone event. We believe the company has found an ideal partner in Valesco Industries to support its strong growth and expand its market share.”

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