Josh Harris' Twenty-Six North Buys Kitchen Unit

Billionaire investor Josh Harris, through his firm twenty-six North Partners, has acquired a majority stake in Middlebys luxury kitchen products division, valued at $885 million. This deal comes as Middlebys shares have been struggling, and the company faced pressure from activist investor Ed Garden. Harris, known for his sports team ownership and private equity focus, sees this as an opportunity for twenty-six Norths aggressive expansion in the recovering restaurant and residential markets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.