Middleby Acquires Powerhouse Dynamics, Inc.
The Middleby Corporation announced the acquisition of Powerhouse Dynamics, Inc., a provider of cloud-based IoT solutions for the foodservice industry. Powerhouse pioneered the introduction of automated IoT solutions into the restaurant industry via its SiteSage platform, used by many major restaurant, convenience store, and retail brands. The SiteSage platform connects, monitors, analyzes, and controls the restaurant equipment footprint allowing operators to automate their facility to realize energy savings, improved food safety, reduced labor costs, and operational consistency. The company is based in Newton, Massachusetts and will continue to operate as an autonomous business unit in the Middleby family.
“This acquisition significantly enhances Middleby’s IoT capabilities and expands the offerings to our customers as they evolve the management of their operations through remote, connected and data driven solutions”, said Tim FitzGerald, CEO of The Middleby Corporation. “SiteSage complements our existing Middleby Connect IoT platform, which is available on many of our existing equipment technologies facilitating our customers with menu management, servicing of equipment and operational monitoring. The combination of Middleby Connect and SiteSage will allow for a single comprehensive solution we can provide to improve efficiencies and manage a broad set of operating issues tailored to our restaurant customers’ needs.”