September, 2015. Peakstone served as exclusive M&A advisor to Technomic Inc. on its sale to Winsight, LLC, formerly known as CSP Business Media. Technomic is the leading provider of primary and secondary market information and advisory services to the food industry. Technomic was acquired from its founder, Ron Paul, who spent much of the last 50 years establishing the business as the “go-to” source for food and foodservice industry insights and strategic advice.
“The acquisition of Technomic represents an important step in Winsight’s growth strategy by providing our customers and audiences access to the most credible source of food industry market intelligence,” said Mike Wood, Chief Executive Officer of Winsight. “Winsight’s industry leading print and digital assets, along with its world class events, will act as new platforms from which to broadcast Technomic’s insights. This is a big win for customers of both businesses as we are now the single source provider of the best content, media platforms, analysis, education, and in-person events across the industries we serve. Peakstone was essential to completing this transaction, and their team did outstanding work facilitating the transaction to a successful close.”
Technomic’s founder, CEO, and President, Ron Paul, will leave the business to spend more time with family and to pursue personal interests, while the firm’s Executive Vice Presidents, Gary Karp, Bob Goldin, and Darren Tristano, will continue on in their respective roles. “After many years in this industry, I believe now is the right time to pursue other interests. I couldn’t be prouder of our employees or their work, and I am confident Winsight will continue building the Technomic brand and supporting our great talent.” Karp, Goldin, and Tristano echoed Paul’s sentiment in a joint statement. “We are excited for Technomic to join Winsight in delivering critical information and analysis to the marketplace. Winsight’s growth plan over the next five years presents great opportunities for our employees and expansion opportunities for our business. Now more than ever, we think the time is right to make investments in the business to expand our offerings so we can help our clients be more successful in their pursuits. As part of Winsight, we can do that. The Peakstone team was invaluable to the sale process. They executed on a well thought out strategy to sell Technomic, provided great advice throughout, and guided the transaction to closing efficiently and smoothly.”
Terms of the transaction were not disclosed.
For additional information about this transaction, contact:
Cathy Jaros, Managing Director, 312-262-7735, email@example.com
The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.