Activist Ed Garden’s New Firm Launching Its First Investment
Garden Investments, a new firm started by one of Trian Fund Management’s co-founders, has built an activist position in kitchen-equipment maker Middleby and plans to push for changes that could boost the sluggish stock, according to people familiar with the matter. Garden Investments, founded by Ed Garden, has accumulated an almost 5% stake in Middleby, and is looking to continue buying more, the people said. It is the firm’s first investment.