Welbilt Corp. said it has agreed to...

Welbilt Corp. said it has agreed to be acquired by a group led by management and the investment banking firm Kohlberg & Co. in a deal valued at about $249.1 million. Under the agreement, the group will begin a tender offer for all of the Welbilt’s 9.4 million common shares outstanding at $26.50 a share in cash. The acquisition is being carried out by a subsidiary of CA Holdings Corp., a company recently formed by the investment group. Welbilt, based in New Hyde Park, New York, provides food-service equipment to restaurants, hotels and commercial bakeries.