The Middleby Corp., Elgin, Ill., acquired Powerhouse Dynamics, Inc., a Newton, Mass.-based provider of cloud-based, Internet of Things (IoT) solutions for the foodservice industry.
Powerhouse’s SiteSage platform connects, monitors, analyzes and controls the restaurant equipment footprint, allowing operators to automate their facility and realize energy savings and improve food safety. The company will continue to operate as an autonomous business unit.
“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,” says Tim FitzGerald, chief executive officer of The Middleby Corp. “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.”