NAKS, INC. ANNOUNCES COMPANY SALE TO DALLAS, TEXAS BASED PRIVATE EQUITY GROUP

Jul 29, 2023

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08 Dec, 2022, 08:00 ET

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ELYRIA, Ohio, Dec. 8, 2022 /PRNewswire/ -- North American Kitchen Solutions, Inc. ("NAKS"), the leading factory-direct manufacturer of commercial kitchen ventilation systems, is pleased to announce its sale to Dallas, Texas based private equity group Valesco Industries.

"We are very excited and proud to have the opportunity to partner with Valesco Industries. NAKS, the disruptive B2B commercial kitchen ventilation system leader, and their brands are poised for growth. With Valesco's talented and experienced leadership team, the NAKS platform will be accelerated and taken to the next level, while remaining true to the core values that got the Company to where it is today" said Sacha Polakoff, CEO & President.

NAKS and HoodMart [the #1 online One Stop Hood Shop], specializes in the design, manufacture, and direct sale of leading-edge commercial restaurant ventilation systems including: Type I & Type II kitchen hoods, ventless hoods, fire suppression, exhaust & supply fans, slip fit round ductwork, custom fabrication, and walk-in coolers for the large and growing commercial cooking industry. All products can be purchased separately or as part of a complete ventilation system.

The innovative and disruptive technologies developed by NAKS' Engineering team have allowed for all NAKS' UL710 listed hoods to exceed industry standards:

Additional new products are coming soon. NAKS is developing additional products which are highly complementary to its current product line. Watch for news on these new products in 2023.

Valesco is a Dallas, Texas based private equity firm that focuses on making control and non-control investments in select growth-oriented small- and lower- middle-market businesses engaged in manufacturing, distribution, and business-to-business services. Valesco specializes in partnering with a company's management team to support its growth objectives. As long-term industry veterans, the principals have capitalized and built numerous successful businesses, serving those companies in varying roles as investors, managers, advisors, and directors.

SOURCE NAKS