Matthew Norris joins Peakstone as Managing Director

March, 2024. Matthew Norris joins Peakstone as a Managing Director in Chicago, where he is responsible for transaction origination and execution. With over 15 years of investment banking and private equity experience, he has completed over 50 M&A and capital raising advisory assignments for middle market and large capitalization clients, mostly in the diversified industrial, manufacturing and oil and gas sectors.

Prior to joining Peakstone, Matthew was instrumental in building the Chicago-based investment banking practice at CIBC, working on US and cross-border transactions. Matthew began his finance career with Probel Capital Management, a Belgian-based private equity firm focused on oil and gas producers, and then worked with CIBC’s oil and gas investment banking group in Calgary, Canada before relocating to Chicago.

Matthew has an MBA from Georgetown University and a B.Comm. from Memorial University.

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The 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.

Peakstone Advises Electrical Wholesale Supply on Sale to Ideal Supply

March, 2024. Peakstone served as exclusive M&A advisor to Electrical Wholesale Supply in connection with its sale to Ideal Supply, a subsidiary of Deschenes Group.

Electrical Wholesale Supply (“EWS”) is a leading distributor of electrical equipment in the Windsor, Ontario region. Founded in 1991, EWS supplies a variety of contractors and businesses in the region by leveraging its knowledgeable staff with close partner and community relationships.

Ideal Supply founded in 1926, is an Ontario electric supply distributor and NAPA’s largest independent auto parts distributor. The acquisition of EWS expands Ideal Supply’s geographic footprint to the Windsor and Leamington, Ontario region.

Dave Austin, Founder and President of EWS said “To come to the conclusion that it is time to sell a company is not an easy decision. In doing my research I was led to believe that Peakstone was the best asset to enlist in this process. I will tell you that all of my research proved correct, they were by far the best choice. I was blessed with Tim, Steve, and Connor on my project who walked with me every step of the way in the process from beginning to end. They were beyond professional and beyond thorough and gave me all of the assistance I needed; without a doubt I would call upon them again in the future.”

Terms of the transaction were not disclosed.

For additional information please contact:

Steve Royko, Managing Director, sroyko@peakstone.com

Tim Trela, Managing Director, ttrela@peakstone.com

About Peakstone

Peakstone 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. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.

Dean Marshall joins Peakstone as Managing Director

March, 2024. Dean Marshall joins Peakstone as a Managing Director in Pittsburgh, where he is responsible for transaction origination and execution. Dean has extensive experience in merger and acquisition and strategic corporate development. Dean provides sophisticated advisory services, including M&A and capital raising, to entrepreneur and family-owned businesses.

Prior to joining Peakstone, Dean led U.S. Steel’s global strategy and corporate development function and subsequently led M&A for a global IT Services platform company. In addition, Dean served on the board of a private equity owned industrial company with operations in the US, Germany, China and India. Dean started his career in the Pittsburgh office of Price Waterhouse where he obtained his CPA license.

Dean earned his BA degree in Accounting from Westminster College.

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The 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.

Peakstone Publishes Industry Reports

March, 2024. Peakstone’s industry reports can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client. Please contact us for additional information about our services.

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Update: Transportation and Logistics M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Transportation & Logistics was $38 million. For 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

–TFI International closed its acquisition of Daseke for $1.2 billion in December 2023.

–Star Bulk Carriers announced its acquisition of Eagle Bulk Shipping for $1.1 billion in December 2023.

–Canadian National Railway Company closed its acquisition of Iowa Northern Railway Company for $230 million in December 2023.

–Alaska Air Group closed its acquisition of Hawaiian Holdings for $3.0 billion in December 2023.

–Americold Realty Trust announced its acquisition of Safeway Freezer Storage for $37 million in November 2023.

Update: Technology and Software M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Technology and Software was $55 million. For 2023, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–Insight Venture Management; Clearlake Capital Group announced its acquisition of Alteryx for $5.0 billion in December 2023.

–Motorola Solutions closed its acquisition of IPVideo Corporation for $170 million in December 2023.

–Honeywell International announced its acquisition of Global Access Solutions for $4.9 billion in December 2023.

–The Travelers Companies closed its acquisition of Corvus Insurance Holdings for $435 million in November 2023.

–HubSpot closed its acquisition of APIHub for $147 million in November 2023.

Update: Pet M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Pet was $27 million. For 2023, strategic buyers accounted for 83% of transactions.

Select recent notable publicly announced M&A transactions:

–Rubelmann Capital closed its acquisition of John A. Van Den Bosch at an undisclosed value inDecember 2023.

–Blackstone Management Partners announced its acquisition of Rover Group for $2.4 billion in November 2023.

–JAB Holding Company closed its acquisition of Embrace Pet Insurance Agency for $1.5 billion in November 2023.

–Central Garden & Pet Company closed its acquisition of TDBBS for $60 million in November 2023.

–Post Holdings closed its acquisition of Perfection Pet Foods (All Assets) for $239 millionin October 2023.

Update: Packaging M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Packaging was $169 million. For 2023, strategic buyers accounted for 84% of transactions.

Select recent notable publicly announced M&A transactions:

–Atlas Packaging announced its acquisition of Republic Packaging of Florida at an undisclosed value in December 2023.

–Novvia Group closed its acquisition of BSB Holdings at an undisclosed value in December 2023.

–CORE Industrial Partners closed its acquisition of General Converting at an undisclosed value in November 2023.

–Specialized Packaging Group announced its acquisition of Complete Packaging at an undisclosed value in November 2023.

–Compagnie de Saint-Gobain closed its acquisition of Gypsum Paper Board Liner Manufacturing Facilityfor $11 million in October 2023.

Update: Infrastructure M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Infrastructure was $60 million. For 2023, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

–Focus Impact BH3 Acquisition Company announced its acquisition of XCF Global Capital for $1.8 billion in December 2023.

–Exus North America Holdings announced its acquisition of New Mexico Renewable Development for $230 million in December 2023.

–Altus Power closed its acquisition of Project Hyperion for $128 million in December 2023.

–Kodiak Gas Services announced its acquisition of CSI Compressco for $886 million in December 2023.

–Koch Fertilizer announced its acquisition of Iowa Fertilizer Company for $3.6 billion in December 2023.

Update: Industrials and Manufacturing M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Industrials and Manufacturing was $29 million. For 2023, strategic buyers accounted for 91% of transactions.

Select recentnotable publicly announced M&A transactions:

–Nano Dimension announced its acquisition of Stratasys for $1.1 billion in December 2023.

–Kingswood Capital Management announced its acquisition of Hubbell Incorporated (Residential Lighting business) for $131 million in December 2023.

–FirstService Corporation closed its acquisition of Roofing Corp. of America for $413 million in December 2023.

–Epiroc announced its acquisition of STANLEY Infrastructure for $760 million in December 2023.

–Korea Investment Private Equity announced its acquisition of Ghost Robotics Corporation for $144 million in December 2023.