Middleby Buying Star Manufacturing

Middleby Corp. (Nasdaq: MIDD) has agreed to acquire New Star Holdings International Inc. from Weston Presidio and Beechtree Capital Partners. The deal is valued at $188 million, and is expected to close next month. New Star is a St. Louis-based manufacturer of commercial foodservice equipment, and is being advised on the transaction by Harris Williams & Co. www.star-mfg.com