IBEX
IBEX is a division of ITW Food Equipment Group that designs and supports Solid-State Radio Frequency ovens for commercial foodservice operators, selling hardware in Canada via Hobart Canada and earning recurring revenue from US service plans and parts for its installed base.
- Company typePrivate
- Founded-
- HeadquartersGlenview, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What IBEX does
IBEX designs and supports commercial cooking equipment built around proprietary Solid-State Radio Frequency oven technology, targeted at commercial foodservice operators that require precise, repeatable digital cooking control. The product suite centers on the IBEX Solid-State Radio Frequency Oven with an integrated recipe management system (categories, subcategories, recipe editing, multi-product recipes, mixed-load cooking, and USB-based recipe import/export), supplemented by branded accessories including the IBEXATR1 2-Level Rack, IBEXASP1 Speed Peel, IBEXAPL1 Griddle Plate, IBEXHGL1/IBEXHGR1 Heat Shields, and a Stacking Cart on Casters. The company is a division of ITW Food Equipment Group, headquartered at 155 Harlem Ave., Glenview, Illinois, with distribution and service delivered through sister-brand channels across North America.
Revenue is generated through three streams: hardware sales of ovens and accessories, recurring annual service plans, and replacement parts. Go-to-market is enterprise field sales backed by the Hobart Service network and the Certified Independent Service network for North America, with Hobart Canada serving as the exclusive distributor in the Canadian market. Per company disclosure on its website, IBEX ovens are no longer available for purchase in the US and the business is now positioned to support existing customers through service, warranty, parts, and operator resources only, while continuing new unit sales in Canada.
IBEX firmographics
Firmographics- Name
- IBEX
- Legal name
- IBEX
- Website
- https://ibexoven.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- IBEX is a division of ITW Food Equipment Group that designs and supports Solid-State Radio Frequency ovens for commercial foodservice operators, selling hardware in Canada via Hobart Canada and earning recurring revenue from US service plans and parts for its installed base.
- Ownership category
- akta.pro rank
Where IBEX is headquartered
LocationHeadquarters
- HQ city
- Glenview
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
IBEX business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Commercial Oven Hardware Sales: Sale of IBEX Solid-State Radio Frequency Ovens and optional accessories including 2-Level Rack, Speed Peel, Griddle Plate, Heat Shield, and Stacking Cart on Casters
- Service Plans: Annual service plan offerings for ongoing oven maintenance and support
- Parts Sales: Replacement parts support for existing oven customers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Hardware products (ovens and accessories) - Quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
IBEX product offering
Product offeringCore offering
IBEX designs, manufactures, and services commercial solid-state radio frequency ovens equipped with an integrated digital recipe management system. The oven enables precise temperature control, category/subcategory organization, recipe creation, multi-product cooking, mixed loads, and USB import/export of recipes. IBEX also sells optional accessories (2-level rack, speed peel, griddle plate, heat shields, stacking cart) and offers annual service plans and replacement parts through the Hobart Service network.
Product overview
IBEX offers a single core product: the IBEX Solid-State Radio Frequency Oven, a commercial cooking appliance that utilizes solid-state radio frequency technology. The product supports recipe creation and management, offering features for creating categories, subcategories, recipes, and managing mixed loads. IBEX also provides a range of optional accessories including cooking racks (IBEXATR1), speed peel (IBEXASP1), griddle plate (IBEXAPL1), heat shields (IBEXHGL1/IBEXHGR1), and a stacking cart on casters. The company has discontinued US sales but continues to sell in Canada through Hobart Canada, while maintaining service, warranty, and resource support for existing customers through the Hobart Service network.
Differentiator
Problem solved
Functional benefit
Products and services
- IBEX Solid-State Radio Frequency Oven A commercial cooking oven utilizing solid-state radio frequency technology for precise digital cooking control. Supports recipe creation, category and subcategory management, manual screen operation, recipe editing/copying/moving, photo additions, mixed load cooking, multi-product recipe creation, favorites, and USB import/export backup. Designed for commercial kitchens and foodservice operations; backed by the Hobart Service network across North America.
- IBEXATR1 Cooking 2-Level Rack Optional accessory rack that expands cooking capacity of the IBEX Solid-State Radio Frequency Oven to two levels.
- IBEXASP1 Speed Peel Optional accessory designed to speed peeling operations in conjunction with the IBEX oven.
- IBEXAPL1 Griddle Plate Optional griddle plate accessory that adds griddle cooking capability to the IBEX Solid-State Radio Frequency Oven.
- IBEXHGL1 / IBEXHGR1 Heat Shield Optional left and right heat shield accessories for safety and temperature management around the IBEX oven.
- Stacking Cart on Casters Optional mobile stacking cart with casters enabling storage and mobility for IBEX ovens.
- IBEX Annual Service Plan Recurring annual service plan providing ongoing maintenance and support for IBEX ovens, requested via the IBEX service plan estimate form.
- IBEX Replacement Parts Replacement parts support for existing IBEX oven customers, requested through the IBEX parts request channel.
Companies that use IBEX
Customer profileSegments1 record
Ideal customer profiles1 record
IBEX technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
IBEX partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Hobart ServicecoreHobart Service is the primary service support network for IBEX products throughout North America. They provide installation, maintenance, and repair services for commercial cooking equipment.
- Certified Independent Service NetworkcoreNetwork of certified independent service providers that support IBEX products across North America alongside the Hobart Service network.
- Hobart CanadacoreHobart Canada serves as the exclusive distributor for IBEX oven products in Canada, offering purchase options not available in the US market.
- ITW Food Equipment GroupflagshipIBEX is a division of ITW Food Equipment Group, which encompasses multiple commercial cooking equipment brands including Vulcan, Traulsen, Baxter, Wolf, Berkel, and Gaylord. The group provides corporate backing and shared distribution channels.
Scale indicators1 record
Recent moves5 records
Expansion highlights3 records
IBEX competitors and assessment
Company assessmentDirect peers
- Alto-Shaam: Manufacturer of commercial cooking and holding equipment including Cook & Hold ovens. Competes with IBEX in the precision-cooking, low-temperature, and chain-restaurant segments.
- TurboChef (Middleby): Specialty accelerated cooking technology brand within Middleby. Closest analog to IBEX's solid-state RF approach in targeting speed, consistency, and digital control for QSR and casual dining.
- Rational AG: Global leader in combi-ovens for commercial kitchens. Directly competes with IBEX's solid-state RF oven for the same professional chef/chain restaurant buyer seeking precision and digital recipe control.
Broad incumbents
- Hobart: ITW Food Equipment Group flagship brand and the service/distribution backbone for IBEX. Competes in commercial cooking equipment broadly and runs the Hobart Service and Hobart Canada networks that support IBEX ovens.
- Blodgett (Middleby): Established commercial oven brand now under Middleby. Direct competition in commercial convection and combi ovens for the same foodservice end customer.
- Vulcan: Sister brand under ITW Food Equipment Group offering commercial ranges, ovens, and cooking equipment. Direct internal competitor within the same parent portfolio and the brand IBEX customers are redirected to for other commercial cooking needs.
- Welbilt (Ali Group): Major commercial foodservice equipment manufacturer (brands include Convotherm, Merrychef, Blodgett). Direct competitor in commercial ovens, combi-ovens, and accelerated cooking.
- Middleby Corporation: Large diversified commercial cooking equipment manufacturer (owns TurboChef, Blodgett, Lincoln, Pitco). Competes head-to-head with IBEX in commercial ovens and accelerated cooking for foodservice operators.
- Manitowoc Foodservice (now Welbilt/Ali Group): Broad-line commercial foodservice equipment supplier including Garland and Convotherm oven brands. Competes with IBEX in commercial kitchens across foodservice chains and institutions.
Emerging players
- Henny Penny: Specialty commercial cooking equipment maker focused on fryers, combi-ovens, and holding. Targets the same chain restaurant and QSR operator base that IBEX serves with its RF oven.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
IBEX social profiles
Digital presenceIBEX financial estimates
Financial estimateRevenue estimate
Valuation estimate
IBEX leadership team
Management profileNumber of profiles
IBEX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IBEX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IBEX
What does IBEX do?
IBEX designs, manufactures, and services commercial solid-state radio frequency ovens equipped with an integrated digital recipe management system. The oven enables precise temperature control, category/subcategory organization, recipe creation, multi-product cooking, mixed loads, and USB import/export of recipes. IBEX also sells optional accessories (2-level rack, speed peel, griddle plate, heat shields, stacking cart) and offers annual service plans and replacement parts through the Hobart Service network.
Is IBEX a public or private company?
IBEX is a private company. It is classified as corporate owned and is currently operating.
When was IBEX founded?
IBEX was founded in -1. It employs 1 to 10 people.
Where is IBEX based?
IBEX is headquartered in Glenview, United States, in the North America region.
How does IBEX make money?
Three revenue lines are on record. Commercial Oven Hardware Sales are the primary driver. The others are service Plans and parts Sales.
Who are IBEX's main competitors?
Direct peers on record are Alto-Shaam, TurboChef (Middleby) and Rational AG. Broad incumbents are Hobart, Blodgett (Middleby), Vulcan, Welbilt (Ali Group), Middleby Corporation and Manitowoc Foodservice (now Welbilt/Ali Group). Henny Penny is listed as an emerging player.
Does IBEX have an API?
No public API is recorded for IBEX.