Equity firms acquire MITY

By Lisa Kerner

Charlotte, N.C., July 18 - MLE Holdings, Inc., an affiliate of Sorenson Capital Partners, LP and Peterson Partners LP, completed the acquisition of MITY Enterprises, Inc. first announced on May 3. As a result, MITY's common stock has been delisted and will no longer trade publicly.

Holders of MITY common stock will receive $21.50 per share in cash for their shares. Shareholders approved the deal on June 26.

Orem, Utah-based MITY designs and manufactures institutional furniture.

Sorenson Capital and Peterson Partners are private equity firms based in Salt Lake City.

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